L&T Construction receives contracts from prestigious clients

The construction arm of L&T has secured orders from prestigious clients for two of its businesses.

The Building & Factories' (B&F) Residential Business has received an add-on order from a reputed developer for the core & shell works of two wings of a tower in addition to the non-tower area works.

The business has also secured a Design & Build order from a reputed Client to construct a Multispecialty hospital at Nagpur. To be executed on a fast track basis, the scope of the project includes Structure, Finishes, MEP, and Medical Gas Pipeline system to be done entirely in structural steel, including the core.

The IT & office space business has received an order from a reputed client for the civil shell & core works of a Mixed Used Building at Bengaluru. The scope of work includes a tower of 9.06 lakh Sqft to be completed in a period of 18 months.

L&T Construction's Power Transmission & Distribution Business continued its winning spree by securing another package to provide Electrical & Mechanical Systems for tunnels in the Udhampur Srinagar Baramulla rail link project. The scope of the package involves 33kV & 11kV HT power cable network, GIS substation, DG sets, tunnel lighting, ventilation & firefighting systems and SCADA system.

Another underground cabling package has been secured to improve the reliability of power supply in a South Indian city.

The business has also secured add-on orders from its existing customers.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1194.35 as compared to the previous close of Rs. 1190.3. The total number of shares traded during the day was 211495 in over 8493 trades.

The stock hit an intraday high of Rs. 1216.55 and intraday low of 1182. The net turnover during the day was Rs. 253819992.

Source : Equity Bulls

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