L&T secures large contract worth ₹2,500 to ₹5,000 crore
after close1 source ↓written by the desknot a recommendation
- order backlog
- ₹7.4 lakh crore
L&T has secured a large contract valued between ₹2,500 crore and ₹5,000 crore, further enhancing its impressive order backlog of ₹7.4 lakh crore. This contract follows a series of significant order wins earlier in July, showcasing L&T's strong position in India's structural capex cycle. The upcoming earnings call is expected to reflect this robust momentum.
• Order backlog at all-time high
• Moody's Baa1 Stable rating
• Strengthening revenue visibility and credit strength
Not investment advice. For informational purposes only.