L&T wins construction orders worth up to ₹5,000 crore in India and overseas – CNBC TV18

Larsen and Toubro (L&T) on Thursday, July 24, said its buildings and factories business has won “large” orders in India and overseas.

L&T classifies orders in the ₹2,500 crore to ₹5,000 crore range as “large”.

It secured orders from the Andhra Pradesh Capital Region Development Authority that are to be executed in Amaravati, including:

• Construction of an integrated Andhra Pradesh State Secretariat and HOD offices on design and construction basis. The project involves construction of two towers, including an amenities building.
• Construction of 21 residential towers. The scope of work includes construction of RCC sell and core, architectural finishes, electrical, plumping and sanitary fixtures, firefighting provisions, lifts, DG sets, HVAC systems, building security systems, internal roads, hardscaping and landscaping.

It also won a contract from a developer to construct residential towers in Mumbai. The scope of work includes construction of RCC (Reinforced Cement Concrete) shell and core structures for two luxury towers, reaching up to 200 metre.

The buildings and factories division of L&T Oman also won a repeat order from a client for the construction of a premium office space in Muscat, the company said. The work involves the construction of three identical towers, to be built above a shared two-level basement, along with a central landscaped plaza. It includes civil, architectural, MEP, internal finishes for common areas, hardscaping and landscaping, L&T said.

Earlier this week, L&T said it would set up India’s largest green hydrogen plant at Indian Oil Corporation Ltd’s (IOCL) Panipat refinery in Haryana.

The company said the same will be done on an build-own-operate basis and it would supply 10,000 tonne green hydrogen annually to Indian Oil for 25 years.

L&T shares were down 0.21% ₹3,477.7 apiece at 11.40 am on Thursday, July 24. The stock has declined 5.2% this year, so far.

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