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L&T Construction bags significant contracts for its various businesses

Posted On: 2020-02-27 11:35:10

The construction arm of L&T has secured orders from prestigious clients for its varied businesses in India and abroad:

The Water and Effluent Treatment Business has secured a Water Infrastructure order from a prestigious client in the United Arab Emirates to execute a Recycled Water Transmission Pipeline Project.

This Contract has been bagged against stiff competition and is a breakthrough project with a new customer in the UAE. The scope of work involves Engineering, Procurement, Construction a Commissioning of Recycled Water Transmission Pipelines of 87 km with associated Civil Works, TSE Reservoirs, Micro Tunnelling Works, Structural, Electrical and Instrumentation Works.

The business has also secured an EPC order from National Mineral Development Corporation (NMDC) for the construction of a Pump House for Slurry & Water Pipeline Systems. The major scope including supply of PD Pumps 400 m3/hr @ 1550 mWc and 1500 m3/ hr @ 30 mWc of Slurry Charge pumps, constructing the pump house and associated facilities at Bacheli, Dantewada District, Chhattisgarh. This is a repeat order from NMDC.

Another order has been secured from Pune Metropolitan Region Development Authority (PMRDA) for the works of the "Design and Construction of infrastructure Works for roads, drains, culverts, potable & recycle water supply systems, a sewerage system and power systems for a hi-tech township at Mahalunge, Pune." This will be the first project to be developed under Town Planning Scheme by PMRDA.

L&T has significantly enhanced its capability spectrum in conceptualising and rolling out infrastructure for future mega Smart Cities and intra-city development.

The Heavy Civil business has secured an order from Konkan LNG Private Limited (KLPL) based on open competitive bidding process.

KLPL is a joint venture between M/s GAIL India Limited and M/s NTPC Limited, having a 5 MMTPA capacity LNG Terminal with expansion plans to increase capacity to 10 MMTPA and convert the terminal into an all-weather terminal by completing the balance scope of breakwater.

The work comprises new construction and rehabilitation for a 2.31 km long breakwater. The scope includes design, model study, rehabilitation of existing works, dredging, quarrying, casting of new accropodes, etc.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1211.45 as compared to the previous close of Rs. 1242.4. The total number of shares traded during the day was 293355 in over 11483 trades.

The stock hit an intraday high of Rs. 1239 and intraday low of 1207.15. The net turnover during the day was Rs. 358226465.

Source: Equity Bulls

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