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    500510   INE018A01030

LARSEN & TOUBRO LIMITED

(500510)
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L&T Announces Hyderabad Metro, Nabha Power Plant and L&T IDPL Sale

08/31/2021 | 07:44am EDT

Larsen & Toubro Limited (BSE:500510) plans to sell its non-core assets - 1400 megawatt (MW) Nabha thermal power project in Punjab, the Hyderabad Metro, and L&T Infrastructure Development Projects Limited (L&T IDPL), the subsidiary having road projects and power transmission lines, the company said in a statement on August 31, 2021. The proposed sale comes in the backdrop of a growing focus on environment, sustainability and governance. "We have already identified our non-core assets in Nabha Power, a 2x700 MW supercritical thermal power plant at Rajpura, Punjab, L&T Infrastructure Development Projects Ltd. (L&T IDPL), our subsidiary primarily engaged in road projects and power transmission lines and Hyderabad Metro, the largest Public-Private Partnership (PPP) project in the Metro rail sector for divestment. We will work out the divestment process of all these assets over a period of time," DK Sen, Whole-Time Director and Senior Executive Vice President (development projects), L&T, said in the statement. "Nabha Power supplies power to the state of Punjab at one of the cheapest variable costs of INR 2.93 per unit among Integrated Power Producers (IPPs) in Punjab, despite being located 1,500 Kms away from the mine source," L&T said in a separate statement. "This deal is in line with the company's strategy to pursue the divestment path for all non-core assets in its portfolio," the L&T statement added.


ę S&P Capital IQ 2021
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Analyst Recommendations on LARSEN & TOUBRO LIMITED
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Financials
Sales 2022 1 566 B 20 879 M 20 879 M
Net income 2022 96 316 M 1 284 M 1 284 M
Net Debt 2022 1 122 B 14 963 M 14 963 M
P/E ratio 2022 26,1x
Yield 2022 1,27%
Capitalization 2 513 B 33 507 M 33 502 M
EV / Sales 2022 2,32x
EV / Sales 2023 2,05x
Nbr of Employees 40 253
Free-Float 86,0%
Chart LARSEN & TOUBRO LIMITED
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Larsen & Toubro Limited Technical Analysis Chart | 500510 | INE018A01030 | MarketScreener
Technical analysis trends LARSEN & TOUBRO LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 36
Last Close Price 1 789,10 INR
Average target price 1 911,86 INR
Spread / Average Target 6,86%
EPS Revisions
Managers and Directors
Sekharipuram Narayan Subrahmanyan Chief Executive Officer, MD & Executive Director
Ramamurthi Shankar Raman Chief Financial Officer & Executive Director
Anil Kumar Manibhai Naik Group Non-Executive Chairman
A. Sivaram Nair Secretary & Compliance Officer
Mukund Manohar Chitale Independent Non-Executive Director
Sector and Competitors