Larsen and Toubro Bags Rs 1,577-Crore Contracts
New Delhi: Engineering and construction major Larsen & Toubro on Monday said it has bagged new orders worth Rs 1,577 crore in September including those for building two residential towers in Mumbai.
"The construction arm of L&T has won new orders worth Rs 1,577 crores across various business segments in September 2014," an official statement said.
It said its buildings and factories business has bagged a major residential order worth Rs 1,231 crore from a prestigious private developer for the construction of two residential towers.
The towers comprise three basements, a ground and a podium each with 53 and 60 floors respectively, it said, adding that company's scope included civil, structural and finishing works.
The company's "Power Transmission & Distribution business has won orders worth Rs 346 crore", the statement said.
A major turnkey order has been received from the Tamil Nadu Transmission Corp Ltd (TANTRANSCO) for the supply, erection, testing and commissioning of a 400 kV D/C transmission line between Korattur-Thervaikandikai-Manali in Chennai, it said.
Another EPC (engineering, procurement and construction) order has been received from a private power venture to establish a 400kV double circuit transmission line in Rajasthan and Madhya Pradesh, it added.
The business also bagged a contract from the Power Grid Corporation of India Ltd for executing 400/220 kV GIS Substation at Pandiabil in Odisha and is also associated with the eastern region transmission system strengthening scheme.
The contract is for onshore supply, installation, construction of civil buildings, testing and commissioning of substation equipment.
As of 2:56 p.m., shares in L&T were trading at Rs 1,537.55 apiece on the BSE, up 0.15 per cent from the previous close. Shares rose as much as 0.50 per cent to Rs 1,543.05 during the day.
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