The Buildings and Factories business of L&T Oman has been awarded the main works contract of The Mandarin Oriental, Muscat by Eagle Hills, Muscat. The project involves the construction of the Mandarin Oriental Hotel Muscat and the residences at the Mandarin Oriental, Muscat.
L&T will oversee the overall construction within the site, which includes a 150-key hotel and 156 units of branded residences, as well as 1,622 square meters of retail areas, podium and basement. L&T will also undertake the associated external works, services, and hard and soft landscaping works.
The business has also secured an add-on order to construct a residential tower for a leading developer in Hyderabad.
Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1357.35 as compared to the previous close of Rs. 1328.4. The total number of shares traded during the day was 563616 in over 15904 trades.
The stock hit an intraday high of Rs. 1361.75 and intraday low of 1323.9. The net turnover during the day was Rs. 762270300.