L&T stated that the consolidated order book of the group was at Rs 3,40,365 crore as on December 31, 2021, at record levels, with international orders having a share of 24 per cent.
Larsen & Toubro (L&T) construction arm reportedly bagged significant category order from Oilfields Supply Company Saudi. This deal that the company puts in significant category could be up to Rs 2,500 crore order, as per new agency PTI. The order allocated to L&T construction arm is for design and build an oil and gas supply base.
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The company did not provide value of the contracts but said the orders fall under significant category which ranges between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts. The buildings and factories business of Larsen & Toubro Construction has secured a significant contract from Oilfields Supply Company Saudi owned by the Dubai based Oilfields Supply Center Ltd to design and build one of the World s largest oil and gas supply bases at King Salman Energy Park, Dammam, Kingdom of Saudi Arabia L&T said in a regulatory filing.
Despite coronavirus, L&T wins record orders in December quarter
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Last Updated: Jan 26, 2021, 10:55 AM IST
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Consolidated net profit increased 5% from a year earlier to 2,467 crore in the quarter ended December 31. Revenue declined 2% to 35,596 crore.
Reuters
Larsen & Toubro managed to bag mega orders in the past three months, taking its order book to the highest on record.
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MUMBAI: Larsen & Toubro’s revenue and profit continued to reflect the impact of the disruption caused by the Covid-19 pandemic in the third quarter, but the company managed to bag mega orders in the past three months, taking its order book to the highest on record.