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KEC International bags orders worth Rs 1,213 cr

Infrastructure major KEC International, an RPG Group company, on Thursday said it secured new orders worth Rs 1,213 crore across its businesses, namely transmis

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L&T's Q4 revenue expected to grow on the back of higher execution

India’s largest engineering and construction (E&C) player, Larsen & Toubro’s (L&T’s) consolidated revenue is expected to witness a double-digit year-on-year growth in the March quarter (Q4), according to most analysts, led by higher execution in a seasonally strong quarter and a low base. The consolidated revenue growth will be largely led by a healthy 44 per cent year-on-year (YoY) growth in the infra segment, said analysts at CLSA in a report. Infrastructure accounted for 40 per cent of L&T’s consolidated revenue during the nine months ended December 2020, followed by services (information technology, etc) at 36 per cent and hydrocarbons at 13 per cent.

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