Larsen & Toubro (L&T) has successfully won new orders worth Rs 38,700 crore at the group level during the quarter ended June 30, 2019, registering a growth of 11%. The International orders during the year at Rs 9,005 crore constituted 23% of the total order inflow.
The order wins in Infrastructure and Power segments were the major contributors to the order inflow during the quarter. While orders from the central and state governments were affected during the general elections, strong PSU and private sector orders enabled growth for the quarter.
The consolidated order book of the group stood at Rs 294,014 crore as at June 30, 2019, with international order book constituting 21% of the total order book.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.
