L&T In Strong Recovery Mode: Centrum Broking  
Larsen & Toubro Ltd. employees work in the heavy engineering division in Hazira, India. (Photographer: Prashanth Vishwanathan/Bloomberg News)

L&T In Strong Recovery Mode: Centrum Broking  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Centrum Broking Report

While Larsen and Toubro Ltd.’s order intake in Q3 has been robust led by special projects we see continued strength in order inflows in Q4 led by pick-up in traditional infrastructure, power transmission and distribution and hydrocarbons segments.

A sharp recovery in prices of steel and aluminium are conducive for conversion in Rs 1.1 trillion of expansion pipeline of front line players.

Execution levels have reached near normalcy and continue to be supported by steady flow of payments in government contracts.

Click on the attachment to read the full report:

Centrum Broking Larsen Toubro - Company Update .pdf

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