L&T Construction Secures Rs 4,033 Cr New Orders | CORPORATE ETHOS

L&T Construction Secures Rs 4,033 Cr New Orders

By: | May 22, 2018
L&T Ltd

May 22: The construction arm of Mumbai-based Larsen & Toubro Ltd (L&T) on Tuesday announced that itsBuildings & Factories business unit has bagged new orders worth Rs 4,033 crore.

“Buildings & Factories IC has won a prestigious order from a reputed government client for the design & construction of 1,125 Nos of Residential towers of G+3 floors under PMAY Scheme at Visakhapatnam, Prakasam, Guntur, and Krishna Districts in Andhra Pradesh, to be completed within stringent timelines,” the company said in a filing.

Another order also has been secured from a leading cement manufacturer for the construction of cement plants in Odisha and Andhra Pradesh on the design and build model.

The company further said that the business has bagged another turnkey order from a government client in Patna (Bihar) to establish a cancer institute along with the supply, installation and commissioning of medical equipment.

L&T shares were trading at Rs 1,332.50, up 1.41% from the previous closing of Rs 1,314, on BSE at 11.41 am today.