Larsen & Toubro Ltd (L&T) has announced the following Outlook

Sustained high oil prices, large global demand have boosted investment plans across sectors, particularly in the areas of hydrocarbons and other core sector industries. The buoyancy in capacity creation, witnessed both in the domestic market and in the Middle East, favors promising order book prospects for all the business segments. Infrastructure investments are poised to continue and augurs well for domestic order booking opportunities. Given the growing order backlog position, the Company expects to improve on revenue growth in the E&C Segment and maintain operating margins across all the segments.

Source : Equity Bulls

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