L&T is the best bidder in tenders that are worth about Rs 15,000 crore in orders, the company told analysts in a conference call on Tuesday. These orders were supposed to be awarded last year, but have got spilled over to the current year, it said.
The company ended last year with orders on hand worth Rs 1,45,723 crore. However, order intake had dipped 12 per cent over the previous year, to Rs 70,600 crore. About 43 per cent of the orders are from ‘infrastructure’. The power sector accounted for 28 per cent of the orders and hydrocarbons, 10 per cent.
L&T officials told analysts that they expect order inflows between Rs 80,000 crore and Rs 84,000 crore in the current year. The company is eyeing infrastructure, (including roads, metro rails, DFC and airports), hydrocarbon, buildings and power T&D for getting orders, says a report of Angel Broking.