L-;T's construction arm bags 'Significant' order for Buildings -; Factories business

11 Jul 2022 , 10:53 AM

L&T Construction has secured contracts from various important clients for its Buildings &. Factories (B&F) Business.

B&F has received orders from renowned Data Center Service providers to build Data Centers with a total capacity of 10.8 MW in Mumbai and Navi Mumbai within strict deadlines. The scope of work includes design, build, supply, installation, and T&C for the Data Center and allied buildings, including fit-outs.

HVAC, elevators, electrical, fire-fighting systems, public health engineering, networking and security systems, and building management systems are also included in the scope. Site development, road construction, boundary wall construction, landscaping, and other services will also be provided. This order is a significant step forward in L&T’s initiative to lead the design and construction of Data Centers in India.

B&F has also received a repeat order from a prestigious client to construct commercial office space in Hyderabad with an approximate built-up area of 1 million sq. ft.

Furthermore, the Engineering, Procurement & Construction business has secured an order to build the ‘Statue of Oneness’ – Adi Shankaracharya’s Statue – at Omkareshwar in District Khandwa, Madhya Pradesh.

The statue will be bronze-clad and set on a stone lotus petal base, which will be placed on top of an RCC pedestal. The sole height of the statue from the paduka to the apex will be 108 feet. The project is expected to be completed within 15 months.

Significant orders have an estimated value between Rs1,000 to Rs2,500 crore for the company.

At around 10.58 AM, Larsen & Toubro was trading at Rs1,660.35 down by Rs27.05 or 1.6% from its previous closing of Rs1,687.40 on the BSE. The scrip opened at Rs1,688 and has touched intraday high and low of Rs1,688.60 and Rs1,659 respectively.