Rs 5,79,100 Crore Order Book: Civil Construction Company Secures Over Rs 5,000 Crore Orders for Power Transmission & Distribution Projects in India and Middle East
These projects are integral to the integration of a Renewable Energy Zone in Andhra Pradesh, aligning with the country’s push towards clean and sustainable energy solutions.
Larsen & Toubro (L&T), a leading Indian multinational in the EPC, hi-tech manufacturing, and services domain, has announced that its Power Transmission & Distribution (PT&D) business vertical has secured major orders exceeding Rs 5,000 crore. These orders fall under the “Major” project classification and span both domestic and international markets, further strengthening the company’s presence in the critical infrastructure segment.
In the Indian market, L&T has won a key order involving the construction of 765kV and 400kV transmission lines. These projects are integral to the integration of a Renewable Energy Zone in Andhra Pradesh, aligning with the country’s push towards clean and sustainable energy solutions. These high-voltage lines will help evacuate green energy to load centers, ensuring grid stability and reliability.
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On the international front, L&T’s PT&D division has bagged turnkey orders in the Middle East. These include a series of 220kV and 132kV Gas Insulated Substations (GIS) to be executed for prominent transmission asset owners and operators. These GIS systems are known for their space-saving design and high operational reliability, making them ideal for urban and high-demand areas.
Financially, L&T reported a solid Q4 FY25 performance. The company recorded an order inflow of Rs 89,600 crore, marking a 24 per cent year-on-year increase. Revenue rose 11 per cent to Rs 74,400 crore, and profit after tax (PAT) grew 25 per cent year-on-year to Rs 5,500 crore. This included an exceptional gain of Rs 475 crore. The EBITDA margin for the quarter stood at 11 per cent, and free cash flow for FY25 amounted to Rs 17,400 crore.
For the full FY25, L&T delivered Rs 3,56,600 crore in order inflows, up 18 per cent year-on-year, while revenue climbed 16 per cent to Rs 2,55,700 crore. The company’s order book stood at Rs 5,79,100 crore, a 22 per cent year-on-year growth. PAT rose 15 per cent to Rs 15,000 crore, with Return on Equity improving by 140 basis points to 16.3 per cent. Notably, the Net Working Capital to Revenue ratio dropped to a 10-year low of 11 per cent. L&T declared a dividend of Rs 34 per share for FY25.
L&T, with a market presence of over eight decades and a revenue base of USD 30 billion, has consistently delivered on its reputation for quality, reliability, and technological excellence. While these orders may not directly impact the dividend outlook or be classified under small-cap or multibagger themes, they reinforce investor confidence in the company’s long-term project pipeline and execution capabilities.
Disclaimer: The article is for informational purposes only and not investment advice.