Larsen and Toubro (L&T), India's largest engineering and construction conglomerate, has notified that its newly formed Buildings & Factories Operating Company, which is a part of its Construction Vertical has bagged several large-value orders aggregating to around Rs 5000 crore in the second quarter of 2008-09.

The scope of work involves construction of a slew of institutional, commercial, residential and factory buildings.

The orders have been secured from major players across the country including NESCO Limited, Godrej Properties Limited, PBEL Property Development (India) Pvt Ltd, Om Prakash Jindal Grahmin Jan Kalyan Sansthan and Mahi Cement.

A leading stock analyst has recommended investors to buy the scrip at every downfall by considering an investment horizon of approximately 3 to 5 years. The counter looks impressive on the charts and it could reach Rs 4500 levels in the next two to three years.