The Buildings & Factories business of L&T Construction has secured a prestigious residential project from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO) to construct 23,432 dwelling units with on-site infrastructure works at various locations in Navi Mumbai.
The project, being part of the Pradhan Mantri Awas Yojana (PMAY), envisages construction of Economically Weaker Section (EWS) and Low-Income Group (LIG) type of dwelling units. The building configurations vary from 13 to 20 storeys.
This is a fast track project to be completed within stringent timelines.
Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1328.4 as compared to the previous close of Rs. 1320.45. The total number of shares traded during the day was 76578 in over 4207 trades.
The stock hit an intraday high of Rs. 1334 and intraday low of 1320.55. The net turnover during the day was Rs. 101717142.