India L&T expects new orders of $3.7 bln to $4.7 bln in Jan-Mar

MUMBAI Thu Jan 24, 2013 2:42pm IST

Stocks

   

MUMBAI Jan 24 (Reuters) - India's Larsen & Toubro (L&T) expects to win orders worth 200 billion rupees to 250 billion rupees ($3.7-$4.7 billion) in the January-March quarter, an executive said on Thursday.

The construction and engineering company expects to stay within its guidance of 15-20 percent growth in its order book to 800 billion rupees to 840 billion rupees for the fiscal year ending in March, from a year earlier, its chief financial officer, R Shankar Raman, said.

L&T reported a 13 percent rise in net profit to 11.22 billion rupees for the third quarter, compared with 9.92 billion rupees a year earlier. Sales rose 10 percent to 154.29 billion rupees.

($1 = 53.6850 Indian rupees) (Reporting by Aditi Shah; Editing by Jijo Jacob)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Banking Sector

REUTERS SHOWCASE

Regulatory Troubles

Regulatory Troubles

U.S. regulator alleges Dr Reddy's breached packaging rules  Full Article 

Defence Sector

Defence Sector

Indian firms tool up for defence orders on Modi's 'buy India' pledge  Full Article 

Factory Activity

Factory Activity

Economy fears deepen as August HSBC flash PMI at three-month low  Full Article 

Fed Minutes

Fed Minutes

Fed notes labor market progress, but not convinced yet - minutes  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage