Rs 5,79,100 Crore Order Book: Civil Construction Company Bags Order Between Rs 1,000 Crore to Rs 2,500 Crore from JSW Energy
The stock is up by 25 per cent from its 52-week low and has given multibagger returns of over 300 per cent in the last 5 years.
Larsen & Toubro's Heavy Civil Infrastructure (HCI) business has secured a significant order from JSW Energy for the Bhavali Pumped Storage Project (PSP) in Maharashtra. This project, strategically located across the Nashik and Thane districts, will have a total installed capacity of 1500 MW. The scope of work for L&T includes the complete execution of all civil works, such as the construction of approach roads, upper and lower reservoirs, a water conductor system, pressure tunnels, and the underground powerhouse unit. This substantial order, valued between Rs 1,000 Crore to Rs 2,500 Crore, underscores L&T’s expertise in complex hydroelectric infrastructure and its role in advancing India's renewable energy goals.
Pumped storage projects like the Bhavali PSP are crucial for ensuring grid stability, especially as more variable renewable energy sources are integrated into the power grid. By taking on this project, L&T is not only reaffirming its strong capabilities in delivering large-scale infrastructure but also contributing significantly to India's energy transition and its efforts to build a more resilient and sustainable power infrastructure.
About the Company
Larsen & Toubro (L&T) is a massive Indian conglomerate with its fingers in many pies. Their core business is engineering, procurement and construction (EPC) solutions across various sectors like infrastructure, power, hydrocarbon (oil & gas) and defence. They also manufacture custom-designed machinery for these industries and even have a real estate arm. L&T is a major player in IT services through subsidiaries like L&T Infotech and Mindtree and provides financial services like rural and housing finance through L&T Finance Holdings. They even handle development projects involving infrastructure, toll management and power generation.
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According to Quarterly Results, the net sales increased by 11 per cent to Rs 74,392.28 crore and net profit increased by 25 per cent to Rs 5,497.26 crore in Q4FY25 compared to Q4FY24. Looking at its annual results, the net sales increased by 16 per cent to Rs 2,55,734.45 crore and the net profit increased by 15 per cent to Rs 15,037.11 crore in FY25 compared to FY24.
The company has a market cap of Rs 5 lakh crore and has been maintaining a healthy dividend payout of 33 per cent. Life Insurance Corporation of India (LIC) owns a 13.25 per cent stake in the company as of March 2025. The company has a robust order book valued at Rs 5,79,100 crore as of March 31, 2025. The stock is up by 25 per cent from its 52-week low and has given multibagger returns of over 300 per cent in the last 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.