L&T Construction secures orders worth Rs 1,286 cr

L&T Construction secures orders worth Rs 1,286 cr

27/01/2017 15:52

Country’s leading multinational conglomerate Larsen & Toubro Ltd on Friday said its construction arm has bagged orders worth Rs 1,286 crore across building & factories and heavy civil infrastructure business segments.

“The construction arm of L&T has won orders worth Rs 1,286 crores across its various business segments,” the company said in a filing to the Bombay Stock Exchange on January 27, 2017.

The company’s heavy civil infrastructure business has won orders worth Rs 1,071 crore including an order from Metro-Link Express for Gandhinagar and Ahmedabad (MEGA) Company Ltd for design and construction of underground stations and associated tunnels for Package 2 in East-West corridor of the Ahmedabad metro project. The prestigious EPC contract comprises 2 underground stations at Gheekanta, Shahpur with associated bored tunnels from Kalupur to Shahpur (3.3 km) and Ramp for Package 2, it said.

Commenting on the orders win, L&T, Deputy Managing Director and President, S.N. Subrahmanyan said, “This is a significant win in the infrastructure space and we hope that this is a sign for many such projects involving vital infrastructure that are in the offing. This mandate is truly representative of our expertise in building metro systems as we are already building some major metro projects in India and abroad. We are confident of delivering as per the requirements of our clients.”

It has won another order from a prestigious client for the construction of an iron ore berth at Paradip, Odisha and a separate order has also been won for the construction of a technology-driven intake well structure using diaphragm wall technology at Purushotapatnam, Andhra Pradesh, the company said in a statement.

Besides, its building & factories business has bagged an order worth Rs 215 crore for the construction of a paint manufacturing facility at Vizag, Andhra Pradesh from a renowned client.

Meanwhile, shares of the company closed at Rs 1,439.65 apiece, down 0.68 per cent, from previous close on BSE.

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