The share of slow-moving orders in the overall order book of Larsen & Toubro (L&T) is at a multi-year low. This has led to a renewed focus on fast-moving orders.
A mix of factors such as commodity price fluctuations, robust order inflow and strong sectoral demand have put capital goods order book in the fast lane, analysts and company executives said.
L&T, with its large presence in the capital goods sector, is often seen as the bellwether for trends in this space. For the June 2023 quarter, the company told analysts that the share of slow-moving orders in its total book was less than one per cent. As of June, L&T’s total order book was at Rs. 4.12 trillion.
