Larsen & Toubro Ltd.

Larsen and Toubro’s (L&T) construction division has bagged a major order worth Rs 1,937 crore from the GVK group for design, engineering, procurement and construction for 4 laning of a major portion of Shivpuri - Dewas section of NH-3 in Madhya Pradesh totaling 235 kilometers. The project has to be completed in 27 months. The project is a part of the phase IV of the National Highway Development Programme and is one of the three mega projects of NHAI.

L&T is an $11.7 billion technology, engineering and construction group, with global operations. It is one of the largest and most respected companies in India’s private sector.

The company’s profit after tax for the quarter ended December 31, 2011 has increased by 17.97% at Rs 991.55 crore as compared to Rs 840.53 crore for the similar quarter of the previous year. The company’s total income has increased by 24.05% to Rs 14447.29 crore for the quarter under review as compared to Rs 11646.52 crore for the corresponding of the previous fiscal.

During the period, order inflow of the company was at Rs 17,129 crore. The nine-month order inflow from April to December was at Rs 49,415 crore. The company needs an order inflow of Rs 34,593 crore to meet its fourth quarter (Q4) guidance.