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Published on 25/11/2020 5:59:55 PM | Source: Angel Broking Ltd

Quote on L&T By Keshav Lahoti, Angel Broking

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Below are Quote on L&T By Mr. Keshav Lahoti- Associate Equity Analyst, Angel Broking Ltd 

"L&T Construction, the construction arm of L&T, has secured a large contract (order value in the range of Rs.2,500 - Rs.5,000 crore) to construct India's longest road bridge across river Brahmaputra connecting Dhubri in Assam to Phulbari in Meghalaya. "This is an extremely challenging project, and we thank our client, National Highways & Infrastructure Development Corporation Ltd. for reposing confidence in our capability to build a such a defining piece of infrastructure," said Mr S V Desai, Whole Time Director and Senior Executive Vice President (Civil Infrastructure), L&T.

Recently, L&T has also won big orders for a high speed rail corridor and supplying mining equipment to Tata Steel. Back to back winning such a new order will increase investor confidence in the company. We believe as the economy is picking up, new orders will flow to the company. Execution has also improved as workers are close to pre covid levels. We are bullish on the company considering that infrastructure activity is picking up, a strong balance sheet and a robust order book."

 

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