L&T Construction Wins Rs 3,355 Cr Orders | CORPORATE ETHOS

L&T Construction Wins Rs 3,355 Cr Orders

By: | December 26, 2017

Dec 26: The buildings & factories business vertical of L&T Construction, a wholly owned subsidiary of Mumbai-based construction major Larsen and Toubro Ltd (L&T), has bagged orders worth Rs 3,355 crore.

“The business has won a prestigious order from the India International Convention & Exhibition Centre Ltd to design and construct a state-of-the-art India International Convention & Expo Center (IICC) in New Delhi,” L&T said in a statement.

“The mega project is planned over 89 hectares of land in Dwarka, New Delhi and will feature world class infrastructure facilities like exhibition spaces, convention areas, hotels, commercial offices, retail spaces and a 20,000 capacity  multi-purpose arena,” it added.

Apart from the detailed design, L&T’s scope of work also includes civil construction, MEP, architectural finishes, ICT networks, landscape including automated irrigation systems and drainage systems.

Meanwhile, the business has also secured a prestigious order to construct a major retail development in Navi Mumbai for IKEA, the Swedish home furnishings retailer. L&T’s scope of the work includes construction of the entire civil structure, architecture works (RCC plus structural steel, interiors), metal facade, metal roofing, MEP and external development works. The construction for the proposed development will start in early 2018, it said.

Further, the business has secured another order to construct the prestigious ‘Viveka Tirtha’- Ramakrishna Mission Centre for Human Excellence at Kolkata. L&T’s scope of works include civil construction, MEP and external development.

L&T shares were trading in red at Rs 1,263.60, down 0.24% from the previous closing of Rs 1,266.65, on BSE at 11.28 am today.