Larsen and Toubro (L&T) said it anticipates a healthy growth rate of 25 to 35 per cent in its order inflows in the current financial year.
“L&T anticipates healthy growth in its order inflows in the range of 25-35 per cent in FY 2009-10 even in this challenging environment,'' the company said in a filing to the Bombay Stock Exchange. The company further said it has been investing in creati on of capacities and capabilities in areas which have good long-term prospects for value creation. These initiatives would enable the company to tap opportunities in several areas, including power and railways.
Further, the infrastructure and hydrocarbon sectors are expected to continue their contribution to the order book, the company added. In the just ended fiscal, the company recorded a 24 per cent growth rate in order inflows. In FY'09, the company bagge d domestic as well as international orders worth Rs 52,000 crore, while in FY'08 it had bagged Rs 42,000 crore orders. Shares of the company were trading at Rs 886.10, up 0.83 per cent on the BSE in morning trade
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