L&T wins orders worth Rs 2,215 crore

Mumbai: India’s biggest engineering and construction firm Larsen and Toubro Ltd (L&T) on Tuesday said it had won orders worth Rs.2,215 crore across various business segments over the last two months.

The power transmission and distribution business contributed Rs.1,137 crore of new orders, Rs.962 crore of orders went to the buildings and factories unit that includes a repeat order of Rs.732 crore for a commercial project in Oman.

“Additional orders worth Rs.116 crores have also been received from other businesses of L&T Construction,” the company said in its statement.

For the December quarter, the company had revised its order inflow guidance for this fiscal year to a range of 15% to 20%, from the earlier guidance of an absolute 20%.

The company’s net profit rose to Rs.870 crore in the quarter ended 31 December from Rs.800 crore in the year-earlier period. As on 31 December 2014, the consolidated order book for the company was at Rs.2.26 trillion.

At 12.26pm, Larsen and Toubro Ltd was trading at Rs.1,833.80 on the BSE, down 0.53% from the previous close, while the benchmark Sensex Index rose 0.11% to 29,492.80 points.

Larsen & Toubro Limited