Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

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

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

ONGC terminates contract with Dolphin Offshore Enterprises India Ltd

Bharat Dynamics Ltd records turnover of Rs. 3095 crore in FY2019-20

Seamec Ltd bags contract from ONGC for vessel Seamec II

Kotak Leadership Takes 15% Cut in Salary

SpiceJet operates its first cargo freighter to Singapore to bring critical medical equipment to India

Axis Bank-backed TReDS platform, Invoicemart crosses USD 1 billion throughput

UniOne Foundation Donates to PM Cares Fund

Godawari Power & Ispat Ltd resumes partial operations

Zydus receives tentative approval from the USFDA for Empagliflozin Tablets

Ind-Ra withdraws rating of Sterling and Wilson Solar Ltd

CRISIL updates on credit ratings to IDFC First Bank

Flipkart, ICICI Lombard and Go Digit General Insurance come together to offer COVID-19 focused health insurance

SMS Pharmaceuticals Limited updates on Ranitidine issue

Chalet Hotels Limited updates on credit rating

Dr. Reddy's Laboratories Ltd receives EIR from USFDA for API plant 5

Polyplex Corporation Ltd board approves buy back up to Rs. 475

Godrej Consumer Products Ltd - Quarterly Update: 4QFY20

OnMobile Global Ltd board approves buy back of up to Rs. 54.10 crore

CSB Bank Limited updates on ratings

SMS Lifesciences India Limited update on Ranitidine HCL

IndiGrid looks to acquire US$ 140 Mn (INR 10.8 Bn) transmission project and also intends to add Solar energy in the portfolio

Gulf Oil Lubricants India Ltd board approves interim dividend of Rs. 7

Bank of Baroda revises Marginal Cost of Funds Based Lending Rate w.e.f April 12, 2020

Novelis Receives Last Clearance for Aleris Acqusition

Coronavirus: DRDO, ITI to team up to manufacture portable ventilators

Tata Power bestowed upon with the highest accolade in the field of Innovation, 'The Edison Award'

L&T to raise Rs. 9000 crore

Lincoln Pharmaceuticals Ltd update on impact of Novel Coronavirus (COVID-19)

Swaraj offers facility of a standby tractor to help farmers amid Coronavirus

NIIT Ltd. launches a free 'Remote Work Excellence Kit' to support the fight against COVID-19

Aurobindo Pharma receives USFDA Approval for Fluoxetine Tablets

ITC provides Meals, Food Products & Hygiene Essentials to the Needy across 17 States

Zydus receives final approval from USFDA for Imatinib Mesylate Tablets

CRISIL reaffirms ratings of Mahindra and Mahindra Ltd

IndiGo enters Brand Finance Top 50 Airlines list recognising the most valuable and strongest airline brands in 2020

CRISIL rating on Rs. 20 crore Non-Convertible Debentures of BASF India Ltd

Granules India Limited announces approval of Butalbital, Acetaminophen and Caffeine Capsules USP

Hero MotoCorp launches the innovative 'Hero Colabs - The Design Challenge' to promote collaboration & co-creation

Titan Company Ltd - Quarterly Update: Q4 FY'20

L&T Construction bags contracts for its Power Transmission & Distribution Business

IDBI Bank Ltd board approves proposal to sell stake in insurance company

Welspun Corp Limited provides business update of Saudi Arabia plant

Kolte-Patil Developers undertakes strategic land monetization of a portion of Sector R10 of Life Republic for INR 91 crore

Marico Ltd - Quarterly Update: Q4 FY20

Cipla receives final approval for generic version of Proventil® HFA Inhalation Aerosol

Punjab & Sind Bank board to consider fund raising through equity issue

Vedanta Sesa Goa Iron Ore contributes Rs. 1 crore to Goa state COVID-19 Relief Fund

IDBI Bank Ltd board approves borrowing for FY 2020-21

Seniority and RPG Life Sciences Launch SafeSeniors - India's First COVID-19 Risk Monitoring Tool for Senior Citizens

Paisalo Digital Ltd to consider various options for raising funds







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019