Larsen & Toubro bags significant orders for Construction arm

6 Jun 2023 , 01:43 PM

Larsen & Toubro Limited informed that the company’s Buildings and Factories (B&F) Business has secured EPC orders in India.

These orders have been obtained by the company from a well-regarded developer for the construction of two commercial towers situated at separate locations in Mumbai.

The first order is for building four-level basements and 2 towers of 70 Floors & 50 floors respectively with a combined BUA of 3.4 million sq. ft. The business is expected to execute the said order within a period of 40 months.

Another order is to build a large commercial building. As per the company, the scope of this work order includes four-level basements and 2 towers having 19 floors each. This will have a combined BUA of 5.1 million sq. ft. The company is expected to execute the said project within a period of thirty-five months.

As per the order classification by the company, significant orders are valued between Rs 1,000 to Rs 2,500 crore.

At around 1.38 PM, Larsen & Toubro was trading 0.23% higher at Rs 2,273.45, against the previous close of Rs 2,268.30 on NSE.

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