Stock Report

L&T Construction awarded contract for its Buildings & Factories Fast Business

Posted On : 2023-01-16 11:38:54( TIMEZONE : IST )

L&T Construction awarded contract for its Buildings & Factories Fast Business

The Buildings & Factories (B&F) Fast Business of L&T Construction has secured a significant repeat order from a reputed and prestigious commercial developer, one of India's largest mixed-use developers and operators. The mandate is to construct two towers with commercial office space in Hyderabad with approximate built-up areas of 28.91 lakh sq. ft and 28.53 lakh sq. ft respectively.

The project scope includes civil work for the composite structure including MEP, finishes & fa├žade to construct the towers in 6B+G+22 floors and 6B+G+41 floors configurations. The project is scheduled to be completed in 18 months.

"B&F Fast is a specialised unit that focusses on using innovative methods and deploying technology for ultra-speedy construction," said Mr M V Satish, Whole-Time Director & Senior Executive Vice President (Buildings), L&T. "Securing this repeat order is a testament to our longstanding relationship with the developer and our strong capabilities to build fast and smart in this fast-growing segment."

The B&F Fast unit had recently constructed a 7-storey, state-of-the-art Flight Control System Integration Centre for DRDO in just 45 days.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 2153.75 as compared to the previous close of Rs. 2160.20. The total number of shares traded during the day was 43200 in over 5020 trades.

The stock hit an intraday high of Rs. 2164.25 and intraday low of 2117.00. The net turnover during the day was Rs. 92449768.00.

Source : Equity Bulls


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