L&T classifies orders in the ₹5,000 crore to ₹10,000 crore range as “major”.
What Is The Scope Of The Order?
The project involves engineering, procurement, construction, installation and commissioning (EPCIC) of multiple subsea pipeline segments, along with associated modification works across ONGC’s offshore fields. The well head platforms project involves EPCIC of four well head platforms, L&T said.
“These orders reflect the confidence customers place in our integrated EPCIC capabilities, extensive project execution experience and unwavering commitment to safety and operational excellence,” Parthasarathi Chatterjee, senior vice-president and head of L&T Energy Hydrocarbon Offshore, said.
L&T has won eight orders in the past month, including three “majors”, two “mega”, one “large” and two “ultra-mega” orders.
Based on the lower end and the upper end of the order inflow value classification, L&T has likely won orders in the ₹67,500 to at least ₹95,000 crore range from July 20 till date.
Q1 Results and stock performance
L&T reported a mixed first quarter as its EBITDA missed estimates but its order inflow was a positive surprise.The L&T management has held on to its guidance for FY27. Two of the 33 analysts that have coverage on the stock see it gaining up to ₹5,000.L&T shares were trading 0.3% lower at ₹4,050.5 apiece. It has gained 1.5% in the past month but is down 2.2% this year, so far.
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