With strong ordering momentum in domestic market led by Centre, PSUs and private sectors, Larsen & Toubro’s (L&T) total order inflow (OI) witnessed robust growth of 21% YoY at Rs607bn (ex-services: Rs457bn, up 20%YoY) in Q3FY23. Current orderbook stands at a healthy Rs3.86trn (3.4x TTM ex-services sales), 26% of which is funded by multilateral agencies.