L&T’s Order Inflow Winning Spree Continues, Says Motilal Oswal
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Motilal Oswal Report
With new order announcements worth approximately Rs 660 billion (at the midpoint range of the new ticket size classification) after the Q2 FY21 result, year-to-date order inflow in the core business now stands ~ Rs 970 billion, or ~84% of our last published full-year core engineering and construction order inflow assumption.
This is largely helped by large ticket size orders, including two packages of high speed rail and two packages of Barmer refinery project, along with chunky orders in water, rail, and road sector.
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