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

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

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