Thursday, January 10, 2008

L&T Bags Rs 2000 Crore Orders For Office & Residential Building In Mumbai

Larsen & Toubro Ltd (L&T) has informed that Larsen & Toubros (L&T) Construction Division has recently secured orders on Design and Build / Turnkey basis from leading Developers / Owners. Prominent amongst these include Rs 2000 cr order from M/s. Kingston Properties Pvt Ltd for construction of various office & residential buildings in Mumbai, to be developed in a span of 4 years.

Apart from this project the Buildings and Factories (B&F) Business Unit of L&Ts Construction Division (ECC) has secured orders for many assignments including Rs 665 cr design & build contract from M/s. Cognizant Technology Ltd for their development centres in Chennai and Kolkatta.

L&T has also bagged a Rs 187 cr, turnkey order from M/s. ITC Hotels Ltd for their Grand Chola Hotel at Chennai. The scope involves construction of 1.52 million sq ft area to house 600 rooms.

The Company has secured a Rs 408 cr contract from M/s. ICICI Bank for construction of their office building at Hyderabad. The scope involves construction of 4.0 million sq ft building area, having basement plus 16 floors.

L&Ts ECC division has also secured a Rs 300 cr order from M/s. CSJ Infrastructure Pvt Ltd for construction of 3.00 million sq ft building at Chandigarh for development of malls, office space & hotel.

Incidentally, in the last 9 months of this year, the business unit has so far bagged contracts worth nearly Rs 12000 crore including Mumbai International Airport Ltd (MIAL).

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