L&T construction wing bags orders worth Rs 1,266 crore

The construction arm of Larsen & Toubro has won orders worth ₹ 1,266 crore across various business segments.

"An order has been bagged to construct 284 residential towers of G+3 floors under the Prime Minister Awas Yojana Scheme in various locations of Krishna district of Andhra Pradesh," L&T said in a BSE filing.

The scope of works include design & construction of civil structure, architecture and MEP works for 13,314 Units to be completed within stringent timelines. The business has also received additional orders from various ongoing projects, the L&T statement said.

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Meanwhile, the company's power transmission and distribution business got an order from the Mumbai Metro Rail Corporation Ltd. (MMRC) worth ₹338 crore. The project involves design, engineering, supply, installation, testing and commissioning of traction & power supply works for Mumbai Metro Line 3 (Colaba-Bandra-SEEPZ). This order has been secured against stiff competition from other major multi-national companies.

Shares of the company were trading at Rs 1,283.05 apiece, down 0.64 per cent from the previous close on the BSE. 

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 17 billion in revenue.