Middle-east led by Saudi is in hurry to transition their economies away from fossil-fuel export before world completes energy-transition. Earlier project wins in middle-east were mostly in traditional oil and gas sector but new ones are from diverse sectors which are part of this transition.
India’s longest sea bridge connecting the Indian city of Mumbai with the satellite city of Navi Mumbai named Shri Atal Bihari Vajpayee Trans Harbour Link or Atal Setu, was inaugurated on the 12th of January 2024. Our company was one of the major EPC contractors involved in this prestigious project.
On January 22nd, 2024, the Hon’ble Prime Minister of India led the consecration ceremony of the Sri Ram Janmabhoomi Mandir in Ayodhya. We are pleased to inform you that this temple is also being constructed by Larsen & Toubro.
Our Hydrocarbon business has performed exceptionally well during the year. The nine-month order inflow for this business at Rs.582 billion is a record high. Consequently, the order book for this business has expanded to Rs.1.07 trillion as of December '23
Our Financial Services business has achieved the highest ever quarterly retail disbursements of Rs.149 billion and the retail portfolio today is at 91% of the overall book, which stands at Rs.818 billion
We manufactured the first Electrolyzer of 1 MW in the Hazira factory on December 13th, 2023
On the Green Energy side, L&T Electrolysers Limited has emerged as a successful bidder with an allotted capacity of 63 MW under the tranche-I of the PLI scheme for electrolyser manufacturing, launched by the Ministry of New and Renewable Energy
The Data Center at Panvel, a pilot project by L&T, has gone live with a capacity of 1.4 MW in the Mumbai region. Furthermore, there is an upcoming data center closer to commissioning of almost 12 MW in Chennai, expected to be completed in Q4 FY’24.
We incorporated a wholly-owned subsidiary, L&T Semiconductor Technologies Limited on November 29, 2023. Over time, this company will be engaged in the business of fabless semiconductor chip design and product ownership
Our order book is at Rs.4.7 trillion as of December '23, which is up by 22% when compared to December '22.
As our Projects and Manufacturing business is largely India-centric, 61% of our order book is domestic and 39% international. Of the international order book of Rs.1.84 trillion, around 92% is from the Middle East and 2% from Africa, and the remaining 6% constitute from various countries, including Southeast Asia
Receipt of multiple orders contributed to the order inflow in the Defense business, whereas we witnessed order deferrals in the Heavy Engineering segment during the quarter. Our order prospects pipeline for this segment is Rs.163 billion.
Article claims that L&T Defense would be third largest Defense company after HAL and BEL if it was listed independently. Has revenue of 3.5 thousand crore and order book of more than 12 thousand crores.
I had mentioned this earlier, this is getting confirmed by management
Subramanian Sarma, Whole-time Director & Sr EVP (Energy), L&T, said the company’s bidding pipeline in West Asia remains very strong and there are many prospects that remain very active.
“Also, several opportunities are arising from Energy transition-related investments, such as Blue Ammonia, Desulphurisation, gas production, gas transportation infrastructure, and petrochemical projects,”
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L&T also feels that its EPC business around Green Hydrogen will be bigger that electrolyser