The project is aimed at developing a 24×7 water management system to provide a safe and continuous water supply to households in South-East Guwahati. This will improve the reliability of the city’s water infrastructure, the infrastructure company said in an exchange filing on Wednesday, March 25.
L&T classifies a “significant” order as one valued between ₹1,000 crore and ₹2,500 crore.
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The scope of work includes design, supply, installation, construction, testing and commissioning of a barge-mounted intake system, raw water rising mains, a water treatment plant, reservoirs, booster pumping stations, and a distribution network with household connections.
The project also involves the implementation of a fully integrated SCADA system for real-time monitoring and performance management, along with operations and maintenance for a period of five years.
The company said the order strengthens its presence in the Northeast region and aligns with its strategy to expand its footprint in water infrastructure projects while delivering sustainable and efficient solutions.
For the December quarter, L&T reported a 4.3% year-on-year drop in net profit to ₹3,215 crore, well below the CNBC-TV18 poll estimate of ₹4,380 crore. Revenue grew 10.5% to ₹71,449 crore, missing estimates of ₹73,691 crore.
EBITDA for the quarter rose 18.6% YoY to ₹7,416 crore, slightly above estimates. EBITDA margin improved to 10.4%, compared with 9.67% last year.
Shares of the company were trading 3,635.10 as of 11.12 am on Wednesday. The stock has declined 15.45% over the past month. However, major brokerage firms are positive on the stock, with 28 of 34 analysts covering it rating it ‘buy’.
