L&T, BHEL win big ticket EPC orders, shares gain.

L-And-T-Bags-Orders-Significance-1-044-CroreHeavy engineering and construction major Larsen & Toubro climbed around 2.5 percent to Rs 1398 after it said that it has bagged Rs 5689 crore order to set up a 2 x 660 megawatt supercritical thermal power project in Rajasthan

The order involves design, engineering, manufacture, supply, erection and commissioning of two coal-fired thermal units of 660 MW each with supercritical parameters at Chhabra in Baran District in Rajasthan, stated the company in a statement.

With this contract, L&T now has orders for supply and installation of 26 supercritical steam generators and steam turbine generators of 660 MW, 700 MW and 800MW.

Meanwhile, after Q3 earnings announcement, L&T’s management had said that they will not miss their FY13 order inflow guidance of Rs 80,000-85000 crore of which they have already achieved Rs 60,000 crore in the nine month to December period.

Last month, the company said it has secured Rs 2080 crore orders across various segments.

However, in a recent interview with CNBC-TV18, Sanjeev Zarbade, Analyst, Kotak Securities had said that during Q4, the company may have announced around Rs 6,000 crore worth orders, which is quite low compared to previous trends. He had further said that in all probability, there could be few orders, which the company may not have disclosed due tp confidentiality clause with clients.

In a related development, BHEL has also secured Rs 5600-5700 crore EPC (engineering, procurement, construction) order for a Rajasthan project, say sources. Its stock too climbed 2.77 percent to Rs 181.85

Source : Moneycontrol.

http://www.moneycontrol.com/news/business/lt-bhel-win-big-ticket-epc-orders-shares-gain_844716.html