CLSA has reiterated its ‘Outperform’ rating on Larsen & Toubro (L&T) and set a target price of ₹4,151, indicating a potential upside of around 20% from the current market price of ₹3,451.00.
The brokerage highlighted L&T’s recent milestone—securing its largest-ever EPC contract, valued at over US$4 billion, from QatarEnergy LNG. This offshore gas project win is seen as a landmark moment for the company, signaling its entry into the elite global league of engineering, procurement, and construction (EPC) firms capable of handling multi-billion-dollar projects.
According to CLSA, this contract not only strengthens L&T’s international credentials but also underpins long-term revenue visibility and enhances its project execution portfolio in the oil & gas sector.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
