The Power segment of Larsen & Toubro recorded an order inflow of Rs.911 crore for the quarter ended June 30, 2021, the engineering conglomerate said in a release.
This order inflow was bolstered by receipt of an order for flue gas desulphurization (FGD) project, L&T said. The power segment recorded “substantial growth” in order inflow in Q1 of FY22, compared to the corresponding quarter of FY21.
The outstanding order book of the power segment was at Rs.12,907 crore on June 30, 2021, with the international order book constituting 5% of the total order book.
The power segment recorded customer revenues of Rs.759 crore for the quarter ended June 30, 2021, recording growth of over 100% over corresponding quarter of the previous year with projects in the order book gaining execution momentum. International revenues constituted 4 per cent of the total customer revenues of the segment during the quarter.
Consolidated Performance
The company bagged orders worth Rs.26,557 crore at the group level during the quarter ended June 30, 2021 registering a growth of 13 per cent over corresponding period of the previous year. During the quarter, orders were received in various segments like Metros, Rural Water Supply, Minerals and Metal, Residential, Power Transmission and Distribution, Power and Hydrocarbon Offshore sectors. International orders at Rs.9,045 crore during the quarter comprised 34 per cent of the total order inflow.
Also read: L&T To Build 220kV Transmission Line In Ladakh
Larsen & Toubro achieved consolidated revenues of Rs.29,335 crore for the quarter ended June 30, 2021, registering a year-on-year growth of 38 per cent, attributed to healthy execution of projects despite the second wave of Covid-19 affecting operations at many locations.
Project progress was impacted with regional lockdowns, shortage of industrial oxygen and supply chain disruptions. International revenues during the quarter at Rs.11,186 crore constituted 38 per cent of the total revenue, L&T said.
(Please note that the L&T media release did not specify the individual performance of the Power Transmission & Distribution (PTD) business. The power segment discussed in this story relates more to power generation.)
