Larsen & Toubro wins Rs 1,310 crore contracts; stock down

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New Delhi | Published: January 15, 2018 3:26:00 PM

Engineering giant Larsen & Toubro (L&T) today said its construction arm has won contracts worth Rs 1,310 crore in various business segments.

Larsen & Toubro, Buildings & Factories Business, Saidpur, IT Park CHENNAI, MEP, BSE, Power Transmission & Distribution Business, bihar, news on Larsen & ToubroL&T’s scope includes construction of the entire civil structure, architecture works, façade and MEP works,” the statement said. (Reuters)

Engineering giant Larsen & Toubro (L&T) today said its construction arm has won contracts worth Rs 1,310 crore in various business segments. “The construction arm of L&T has won orders worth Rs 1,310 Crore across various business segments,” the company said in a statement. It said its Water & Effluent Treatment Business has won orders worth Rs 631 crore including a contract from Bihar Urban Infrastructure Development Corporation Ltd to lay a new sewerage network and construct pumping stations at Saidpur. The Buildings & Factories Business has won an order worth Rs 340 crore, it said. “The business has won a prestigious order to construct an IT Park at Chennai from a leading developer. The proposed development will offer two towers of ten floors each and is required to be completed within stringent timelines.

L&T’s scope includes construction of the entire civil structure, architecture works, façade and MEP works,” the statement said. Besides, its Power Transmission & Distribution Business has bagged orders worth Rs 339 crore. Shares of the company were trading marginally down by 0.10 per cent at 1,327.90 on BSE at 1350hrs. L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue.

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