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This Article is From Jun 29, 2015

L&T Secures New Orders Worth Rs 2,035 Crore

New Delhi: Engineering and construction major Larsen & Toubro (L&T) on Monday said it has received orders worth Rs 2,035 crore across various business verticals.

"The construction arm of L&T won orders worth Rs 2,035 crore across various business segments in June 2015," the construction major said in a statement.

Its building and factor business segment has secured new orders for construction of office spaces, including add-ons. Besides, the transportation infrastructure business has won a major EPC (engineering, procurement and construction) order for construction of 109.54 km of a four-lane dual carriage way of the Solapur-Maharashtra-Bijapur-Karnataka road.

Under the project, the company has to construct 46.23 km of service road, six flyovers, two railway over bridges, three major bridges, 49 minor bridges and 27 underpasses, L&T said.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $15 billion revenue.

As of 10:55 a.m., shares in L&T were trading 2.3 per cent lower at Rs 1738.80 apiece on the BSE, underperforming the broader markets.

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