L&T is up 2.9% in trade at Rs. 832.5, on volumes of 1.3 lakh shares in first two hours versus two-week average trading quantity of 2.6 lakh shares on BSE. Company has been bagging a slew of new orders very frequently among many of its business verticals, both in India and abroad.

Yesterday, it announced that the hydrocarbon business secured 2 EPC projects for Rs. 1,100 crore in the Middle East, to be completed in next 2-3 years. Its construction business in India has also bagged 4 projects aggregating Rs. 1,605 crore across India this month. In September, the water supply, waste water, water and renewal energy, buildings and factories, metallurgical and material handling, power transmission businesses won orders amounting to Rs. 5,320 crore last month. In August too, the order flow was healthy from across verticals, thus strengthening the order book which stood at Rs. 1.65 lakh crore in June 2013.

Now with better visibility on the order book, what remains to be seen is the profitability on the projects, which will be disclosed by the EBITDA margins to be reported in the quarterly results on 18^th October.