larsen & toubro (UBS) Wins Rs35bn EPC order for gas power plant

3x 360MW project order won through international competitive bidding; Q4 FY11 results on 19 May, Thursday; we expect PAT of Rs14.3bn; We factor 16% revenue growth in FY12 with EBITDA margins of ~12%; Valuation: maintain Buy, top pick in Indian infra space
Date Rating Target Price Recommendation Price Broker house
17 May 2011 buy 2100 1516 UBS Report

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