L&T Construction bags Rs 2,265-crore orders; share up over 1%
The transportation infrastructure and water & effluent treatment businesses of the company jointly bagged the contract
L&T Construction today won orders worth Rs 2,265 crore from Andhra Pradesh Capital Region Development Authority (APCRDA).
The transportation infrastructure and water & effluent treatment businesses of the company jointly bagged three engineering, procurement, construction (EPC) orders worth Rs2,265 crore from APCRDA, Larsen & Toubro said in a statement.
The scope of work includes investigation, design & construction of roads, drains, culverts, water supply, sewerage, sewerage treatment plants, utility ducts for power & ICT, reuse waterline, and avenue plantation for land pooling schemes in Zones – 6, 7 and 10 areas of Amaravati Capital City.
The order has been bagged by L&T against stiff competition. This order strengthens L&T’s presence in the Amaravati Capital region.
"The project will provide state-of-the-art infrastructure to the city of Amaravati including wide trunk roads with flexible and rigid pavements, along with multiple facilities like cycle track, sidewalks & smart street lighting, ICT, etc," the statement said.
“Amaravati is fast developing into a world-class city and we are proud to be part of its growth story,” said S N Subrahmanyan, chief executive officer and managing director, Larsen & Toubro.
“This order reinforces trust and confidence that the government of Andhra Pradesh has on Larsen & Toubro to execute large projects to quality and in time. We are grateful to APCRDA for giving us this opportunity to execute an infrastructure project of this magnitude, which will immensely benefit the residents of Amaravati,” he added.
The package is part of the master plan to develop Amaravati into a Smart city with infrastructure on a par with the best in the world.
L&T share was trading up over 1% on the exchanges.