L-;T Construction bags significant orders for buildings -; factories business; stock climbs ~2%

6 Oct 2022 , 11:17 AM

Larsen & Toubro Limited informed that L&T Construction’s buildings & factories business has received an order from a top car manufacturer to build a cutting-edge manufacturing plant in Haryana, India.

The scope includes the design and execution of civil, structural, and architectural works, as well as external development activities. This victory follows a notable order from Reliance Life Sciences, a prominent biotech company, to build their cutting-edge life sciences products manufacturing plant in Maharashtra, India.

The company has also received a contract from the Government of Assam’s Public Works Department to build a police reserve campus in Guwahati.

The scope of work comprises the design and construction of police lodging, office space, multi-level parking, and affiliated buildings in all areas including structure, finishes, MEP, and related exterior development works. This project is scheduled to be completed in 36 months.

At around 11.23 AM, Larsen & Toubro was trading at Rs1,907.15 per piece, up by 1.91% from its previous closing of Rs1,871.45 on the BSE. The scrip opened at Rs1,881.20 and touched intraday high and low of Rs1,915 and Rs1,881.20 respectively.

For feedback and suggestions, write to us at [e-mail]