L&T is the largest infrastructure player in India. Its activities span across technology, engineering, construction, manufacturing. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defense
News flow around the slowdown of economic activities through most of FY20 has brought to fore concerns with respect to the current and future prospects for infrastructure spending. L&T has had approximately 7% market share of total public spending over the past few years. Even under a stressed scenario, at 7% of spend it should meet with order flow estimates.
Furthermore, the recently announced infrastructure investment plan of Rs102 tn over the next five years makes us more confident on the order prospects base in the coming years for L&T, the largest infrastructure player in India.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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