1. L&T Construction bags Rs 2,871-crore contracts

L&T Construction bags Rs 2,871-crore contracts

L&T Construction secured a contract of Rs 1,276 crore in the buildings and factories business, the company said in a statement.

By: | Mumbai | Published: January 6, 2016 5:29 PM
Larsen & Toubro This will be the third airport project to be executed by L&T in that country and it is scheduled to be completed in 24 months. (Reuters)

Engineering major Larsen & Toubro (L&T) today said its construction arm has bagged contracts worth Rs 2,871 crore across businesses in both domestic and international markets.

L&T Construction secured a contract of Rs 1,276 crore in the buildings and factories business, the company said in a statement.

L&T Oman, a subsidiary of L&T, has bagged an order worth USD 93.1 million (around 614.46 crore) to construct a regional airport in the Sultanate of Oman, it added.

The scope of works includes construction of passenger terminal building, ATC complex, cargo and other service buildings including mechanical, electrical and plumbing (MEP) works, special systems and external works.

This will be the third airport project to be executed by L&T in that country and it is scheduled to be completed in 24 months.

The company received another order for EPC (engineering, procurement and construction) of a multi-storied residential building involving 16 towers in Lucknow. The project work includes civil, structural, mechanical, electrical, plumbing, finishes and other external jobs.

In the water and effluent treatment business, L&T bagged a water supply order worth Rs 539 crore from the Hyderabad Metropolitan Water Supply and Sewerage Board, it said.

The project will provide water supply distribution network to peripheral circles of Greater Hyderabad Municipal Corporation. The work includes construction of 650 km of pipeline network, 20 water storage reservoirs and other associated works.

The company also received a Rs 385 crore EPC order in the transportation infrastructure business from the National Highways Authority of India (NHAI) for the construction of Simga Saragaon Road Project (PKG-II) section of NH-200 Raipur to Bilaspur in Chhattisgarh.

The project involves construction of 42.45 km of four lane dual carriage way. It also includes a 7.32 km bypass and realignment, 16.22 km of service/slip road, one major and seven minor bridges and 10 vehicular and cattle underpasses.

In the metallurgical and material handling vertical, L&T bagged an EPC order worth Rs 312 crore from NTPC for a coal handling plant of 2X660 MW power plant at Tanda, Uttar Pradesh.

  1. H
    Harry Potter
    Feb 1, 2016 at 7:03 am
    L&T's Business Model - Bag contracts & Burn investor’s money & Beg VGF - Viability Gap (in making sound decision) Funding from Taxpayer, cry for RBI rate cuts. L&T’s investment of 5k cr in Defence is junking & Hyderabad Metro & Hydrocarbon Business is bleeding; they concede it as, Error of Judgment & Underestimating Risks - Aggressive Bidding & Overestimating Capabilities. L&T Stock hitting fresh 52-Week lows, slashed by 35 % in 6 months, net debt ending Sep 2015, 98 k cr & M-cap as on 01 Feb 2016, 1 lakh 6k cr. Achhe Din – 3 L&T Executives are in 2015 Top-10 earning pros of India Inc. put together pegged at 58.9 cr. Who owns L&T? -----------------------------------------Who owns L&T? Founded by Danish duo in 1938, Mr Ln and Mr Toubro are no more and their families having no involvement with L&T. L&T Top-Deck consists of septuagenarians joined L&T in 60s. Leading the pack for 16 years Junior Engineer turned Executive Chairman, Mr A M Naik aged 73, completed 50 years with L&T, highest paid executive of India Inc, pegged at 27 cr - Chairman Mr Naik's jaw-dropping musings on succession at L&T –Quote- You find a man in the world who will kill himself 4 times a day, has worked for more than a 100 years--There is no such person--None of us here are working for money -UnQuote. Chairman off-Satyam on Book Cooking - “it was like riding a tiger, not knowing how to get off without being eaten". State owned LIC & UTI are biggest stakeholders at L&T. PM Mr Modi (Pradhan Sevak) should intervene to fix retirement age at L&T from 75 to 60. All aged 60 should be Vacuumed Out of L&T - Swachh & Young L&T.
    Reply
  2. H
    Harry Potter
    Feb 1, 2016 at 7:04 am
    L&T's Business Model - Bag contracts & Burn investor’s money & Beg VGF - Viability Gap (in making sound decision) Funding from Taxpayer, cry for RBI rate cuts. L&T’s investment of 5k cr in Defence is junking & Hyderabad Metro & Hydrocarbon Business is bleeding; they concede it as, Error of Judgment & Underestimating Risks - Aggressive Bidding & Overestimating Capabilities. L&T Stock hitting fresh 52-Week lows, slashed by 35 % in 6 months, net debt ending Sep 2015, 98 k cr & M-cap as on 01 Feb 2016, 1 lakh 6k cr. Achhe Din – 3 L&T Executives are in 2015 Top-10 earning pros of India Inc. put together pegged at 58.9 cr. Who owns L&T? -----------------------------------------Who owns L&T? Founded by Danish duo in 1938, Mr Ln and Mr Toubro are no more and their families having no involvement with L&T. L&T Top-Deck consists of septuagenarians joined L&T in 60s. Leading the pack for 16 years Junior Engineer turned Executive Chairman, Mr A M Naik aged 73, completed 50 years with L&T, highest paid executive of India Inc, pegged at 27 cr - Chairman Mr Naik's jaw-dropping musings on succession at L&T –Quote- You find a man in the world who will kill himself 4 times a day, has worked for more than a 100 years--There is no such person--None of us here are working for money -UnQuote. Chairman off-Satyam on Book Cooking - “it was like riding a tiger, not knowing how to get off without being eaten". State owned LIC & UTI are biggest stakeholders at L&T. PM Mr Modi (Pradhan Sevak) should intervene to fix retirement age at L&T from 75 to 60. All aged 60 should be Vacuumed Out of L&T - Swachh & Young L&T..
    Reply

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