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L&T Construction bags contracts for its Buildings and Factories & Water and Effluent Treatment businesses

Posted On: 2019-03-25 09:57:10

The Construction arm of LILT has secured orders from prestigious clients across different states in India.

The Buildings and Factories business has secured an order from Jharkhand State Building Construction Corporation Limited for the construction of two 500-bed hospitals at Jamshedpur and Dumka respectively.

Another order has been secured from a leading developer for the construction of a 108 m tall commercial complex at Raidurgam, Hyderabad. Spread across a built-up area of 3.6 Lacs Sqm, the project will comprise leasable area, high street retail frontage, grand retail plaza, recreational activities, landscape areas, and amenities like multi-level car parking spaces. The scope of work includes civil, structural works, architectural finishes and MEP works. The project is to be completed in a timeline of 32 months.

The business has also secured an order from a renowned construction machinery manufacturer for the construction of a manufacturing facility in Gujarat.

The Water and Effluent Treatment business has received 4 orders from the Public Health Engineering Directorate, Government of West Bengal, for the design and construction of intake well, water treatment plant, intermediate pumping station, groundwater reservoirs, overhead reservoirs, transmission mains, water distribution network and metering works in various blocks of Bankura District, West Bengal.

The business has also secured another repeat EPC order from Andhra Pradesh Capital Region Development Authority for the investigation, design & construction of water supply, sewerage, STP, roads, drains, culverts, utility ducts for power & ICT, reuse waterline, IPS & avenue plantation in layouts for land pooling schemes for Krishnayapalem(P) and Venkatapalem(P) in Zone 8A of Amaravati City.

This order reinforces a strong relationship with the customer and presents another opportunity to showcase L&T's capabilities of expert project management and delivery.

Another EPC order has been secured from Faridabad Smart City Limited for laying of civic infrastructure, construction/upgradation of roads networks (Phase 1&2), underground cabling of HT/LT transformers, street lighting, landscaping works, etc. in Faridabad.

Another smart city development order has been secured from Patna Smart City Limited for the retrofitting and re-development of storm water drains, development of smart road network as per urban street design principles, development of footpaths, utility corridor, streetscaping, vendor & parking zone creation, installation of street furniture with smart street lighting, smart bus stops and allied works in Patna, Bihar.

Both these orders reaffirm L&T's inherent capabilities to develop and install a wide range of smart solutions to convert cities into smart cities.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1394 as compared to the previous close of Rs. 1372.85. The total number of shares traded during the day was 495914 in over 9516 trades.

The stock hit an intraday high of Rs. 1414.95 and intraday low of 1375.55. The net turnover during the day was Rs. 695612280.


Source: Equity Bulls

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