due to uncertainties, however it is banking on new orders in heavy civil, water & power TD from States & Central govt, backedbyfundingfrommultilateralagencies. Though8090%ofL&T;'ssitesareoperationalcurrently,labour squeeze at projects sites (~40% availability) poses execution challengesinH1FY21.Itexpectsthingstonormalizein30days. WhileL&T;willfaceneartermheadwindsonnewordersand execution,wethinklongtermoutlookremainsstrongledby,i)...