L&T bags airport contract worth Rs 7,000 crore

Infrastructure major Larsen & Toubro (L&T) on Monday announced that its construction arm has won a contract for building a major airport. The engineering and construction company, however, did not divulge the exact value of the contract; but specified that as per its classification, the mega project is in the range of over Rs 7,000 crore.

"L&T Construction has secured a mega contract for design and construction of a major airport. The engineering, procurement and construction orders have been secured to execute development works of a major airport," L&T said in a statement. It, however, did not specify the name of the airport.

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The company said the scope of work includes design, engineering, procurement and construction of passenger terminal building, a new runway, rehabilitation of a runway, taxiways and aprons, a new elevated eastern cross taxiway, landside roads, utility infrastructure, drainage and modifications for the existing terminal.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing, and financial services with USD 18 billion in revenue. 
Shares of the company were trading at Rs 1,248 apiece, up 0.38 per cent from their previous close, on BSE.