L&T: L&T on a agency footing with strong progress so as e book
L&T’s order influx grew by 57% year-on-year to Rs 41,800 crore within the June quarter, greater than the analysts’ estimate of Rs 38,000-39,000 crore. The order move in core engineering and building (E&C) enterprise excluding companies enterprise expanded by 88% to Rs 28,288 crore helped by a big order win in hydrocarbon section and different massive wins within the transmission and distribution, and the defence sector.
ET Intelligence group: Larsen and Toubro, the nation’s largest engineering conglomerate,reported a robust order move amid the business’s enhancing award-to-tender ratio for the June quarter. This and the probability of higher working profitability given the softening commodity costs is predicted to immediate analysts to improve earnings expectations for FY23 by 3-4%.
L&T’s order influx grew by 57% year-on-year to Rs 41,800 crore within the June
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