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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (9164)	10/29/1999 8:26:00 PM
From: Mohan Marette	Respond to of 12475

L&T's Order book for H1 ($926 mil)& backlog($1.5 bil) - Boston Consulting's report to be ready by year end. larsentoubro.com (10/30/99-BLr) In the first half of the current fiscal, Larsen & Toubro has booked orders worth Rs. 4,163 crores ($926 million) , an increase of 11 per cent over Rs. 3,742 crores ($832 mil) in the year-ago period. The order backlog as on September 30, 1999, was at Rs. 6,686 crores ($1.5 billion). These orders include reactor building for NPCIL, Tarapur (Rs. 353 crores); clamp-on related modification and pipeline project for ONGC (Rs. 182 crores); water supply job for Chennai Metrowater (Rs. 133 crores); construction of electrical sub-station for the Government of Abu Dhabi (Rs. 117 crores); prefab school building in Gujarat (Rs. 96 crores); coal handling plant for NTPC (Rs. 93 crores); pipeline work at RPL (Rs. 75 crores); Sri Satya Sai Super Speciality Hospital at Bangalore (Rs. 60 crores) and construction of electrical sub-station for the Royal Government of Bhutan (Rs. 50 crores). The company's engineering and construction segment accounted for 56 per cent of the turnover in the first half of the current year. Cement demand in first half grew 20 per cent as against 6 per cent in the year-ago period. Cement sales realisation has gone up 5 per cent despite market prices staying unremunerative. Clinker production during April-September, 1999, was up 41 per cent to 52.46 lakh tonnes (37.19 lakh tonnes). Clinker sale rose to 49.04 lakh tonnes (40.84 lakh tonnes). The plant of Narmada Cements, which was acquired by L&T six months ago, is running at full capacity and clinker production had peaked 3,600 tonnes per day. The company hopes to increase daily production to around 4,300 tonnes per day. Mr. Naik said Boston Consulting Group's report on the company's restructuring plans would be ready by the end of the current calendar year.