L&T secured a turnkey order for setting up a 2X660 MW supercritical thermal power project at Shree Singaji TPP on a complete engineering-procurement-construction basis from the state utility MP Power Generating Company.
With the awarding of this job the L&T credentials in Engineering Procurement Construction (EPC) execution has been established and we hope to get more jobs.
Shailendra Roy
Larsen and Toubro
Shailendra Roy of Larsen and Toubro said the Rs 5100 crore order from MP Power Generating Company would be completed in 43 months for Unit 1 and 47 months for Unit 2. The company took almost a year to secure this order, said Roy.
The engineering, procurement and construction (EPC) order book for the company currently stands at Rs 16000 crore.
According to Roy now things have started to look a bit better for power market now.
L&T secured a turnkey order for setting up a 2X660 MW supercritical thermal power project at Shree Singaji TPP on a complete engineering-procurement-construction basis from the state utility MP Power Generating Company.
Below is the transcript of Shailendra Roy's interview with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Latha: Give us some idea as to what is the total order book, say, year-to-date (Y-T-D) and does it compare much better with last year same time?
A: Power market is very slow; growth is very slow in the Indian market. The manufacturing capacities are only being utilised to the tune of 25 percent. So after a long wait we got this order of Rs 5,100 crore 2x 660 MW super critical thermal power plant. From MP power generating company and this is in extension of one of the jobs for the first phase which we completed and commissioned recently.
With the awarding of this job the L&T credentials in Engineering Procurement Construction (EPC) execution has been established and we hope to get more jobs. As far as the order book is concerned it is roughly Rs 16,000 crore as of now, the order backlog of the order book and along with it we have got two more export job on EPC on gas power plants in Bangladesh. So slowly things are looking better as far as the power market is concerned.
transcript to follow
Larsen stock price
On September 05, 2014, at 11:14 hrs Larsen and Toubro was quoting at Rs 1603.00, up Rs 14.00, or 0.88 percent. The 52-week high of the share was Rs 1774.70 and the 52-week low was Rs 687.60.
The company's trailing 12-month (TTM) EPS was at Rs 62.86 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 25.5. The latest book value of the company is Rs 362.65 per share. At current value, the price-to-book value of the company is 4.42.
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