L&T Construction bags contract in the range of Rs1,000-2,500cr; stock down ~1%

Additionally, the construction arm has received various add-on orders for some of its existing projects across the Heavy Civil infrastructure and MMH businesses, the company said.

Sep 16, 2019 06:09 IST India Infoline News Service

L&T Construction
Shares of Larsen & Toubro are trading lower ~1% on the BSE after its construction arm has secured orders from prestigious clients across various Indian states for its varied businesses. The company has won significant contracts in the range of Rs1,000-2,500cr, the company said. 

According to a company filing on the BSE, the Water and Effluent Treatment business has secured an Engineering, Procurement & Construction order from the West Bengal Public Health Engineering Department, funded by Asian Development Bank (ADB) for "Construction of an Intermediate Pumping Station, Secondary Transmission Mains, Overhead Tanks, Water Distribution Network Et Metering works including 2-years of Operation et Maintenance in the Nandigram-I and Nandigram-II blocks of East Medinipur, West Bengal.

The scope of work includes Design Et Construction of two ground-level storage reservoir cum Intermediate Booster Pumping Station of total capacity 6,800 KL, 29 RCC Over Head Reservoirs of aggregate capacity 22,950 KL, Supply & Laying of Transmission & Distribution pipelines of total 1,835 Km length, associated Electromechanical Et Instrumentation works and 90,000 House Service Connections with Operation Et Maintenance for two years. The project is being implemented to cater continuous (24x7) water supply to the Nandigram I & II blocks and will involve automation including measurement of input and output water quantity through suitable SCADA another instrumentation works, aimed at limiting the water losses in the system to desired levels.

Additionally, the construction arm has received various add-on orders for some of its existing projects across the Heavy Civil infrastructure and Metallurgy and Material Handling (MMH) businesses, the company said.

Meanwhile, Larsen & Toubro Ltd is currently trading at Rs1,350.20, down by Rs13.25 or 0.97% from its previous closing of Rs1,363.45 on the BSE.

The scrip opened at Rs1,360 and has touched a high and low of Rs1,360 and Rs1,346 respectively.

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