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Will orders drive L&T re-rating?
Mint Chennai
|April 02, 2025
Shot in the arm A robust tender pipeline of Gulf nations could give L&T's overseas order inflow prospects a fillip.
Financial year 2026 (FY26) has kicked off on a strong note for Larsen & Toubro Ltd (L&T), with the company announcing on Tuesday that its power transmission and distribution vertical has secured several new orders in India, as well as in the United Arab Emirates (UAE), Qatar, and Oman. While the value of these contracts has not been disclosed, these signal a strong momentum in global investments aimed at enhancing grid infrastructure, providing a positive outlook for L&T's revenue visibility.
This follows last week's news of L&T securing a landmark ultra-mega order from QatarEnergy, a global leader in LNG. According to L&T's management, it's the largest single contract the company has ever won. The contract pertains to the North Field Production Sustainability Offshore Compression Project and is expected to boost sentiment toward L&T's stock, as it strengthens the company's global energy portfolio.
This story is from the April 02, 2025 edition of Mint Chennai.
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