Larsen and Toubro's (L&T's) construction division has bagged orders worth Rs 2,700 crore in October and November 2011. SN Subrahmanyan, Whole-time Director and Senior Executive VP at L&T said that these orders have been secured across all the four segments of the construction division.
Moreover, Subrahmanyan maintain the 5% order inflow growth guidance for FY12. He also indicated that the margins have been under pressure throughout the year. Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: Will the entire order book of L&T be a little better than what the management indicated when they have announced numbers? Is the construction order book looking better than expected a couple of months back? A: No. These orders were being negotiated and were in the pipeline. We have gone ahead and secured these orders. These orders have been secured across all the four segments of the construction division, which includes buildings and factories, infrastructure, power transmission distribution and minerals, metal and water. Q: The street has always been ahead in terms of predicting the order flow decline. When L&T had given a higher guidance, they were moving with 0% order inflow growth. Now, many of them have shifted to 15-10% declined in terms of year-on-year order inflow growth. Will L&T have to rethink its guidance that they have given of about 5% order inflow growth? WhatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
