L&T Secures Major Construction Orders for Residential Towers in Gurugram and Proving Ground in Haryana
Buildings & Factories business wins orders worth Rs 1,000-2,500 crore from Oberoi Realty and an international company
En resumen
- L&T's Buildings & Factories business has secured significant orders worth Rs 1,000-2,500 crore, including a contract from Oberoi Realty to build seven high-rise residential towers in Gurugram and a Proving Ground project in Haryana for an international company.
- The Gurugram project involves RCC shell and core construction, earthworks, and piling, while the Haryana facility will enhance vehicle testing infrastructure.
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Por qué importa
L&T's Buildings & Factories vertical has experience across hospitals, airports, data centres, residential buildings, commercial spaces, and industrial structures including automobile facilities and proving tracks.
Larsen & Toubro Ltd. (L&T) has secured a 'significant' order for its Buildings & Factories business, including a contract from Oberoi Realty to build residential towers in Gurugram. As per the company, an order ranging between Rs 1,000 crore and Rs 2,500 crore is classified as 'significant'. L&T share price: Shares of Larsen & Toubro Limited (L&T) were trading at Rs 4033.00 per scrip after rising by Rs 10.85 (+0.27%) as on 12:15 on April 23.
"The Buildings & Factories (B&F) business vertical of L&T has won multiple orders in India. It has secured an order from Oberoi Realty for the construction of seven high-rise residential towers in Gurugram, NCR," the company said in a release.
The scope of the order includes RCC shell and core construction, along with earthworks and piling, all to be executed within "stringent timelines".
L&T's construction business has also secured an order for the construction of a proving ground from an unnamed 'reputed international company' in Haryana. The facility, as L&T said, will boost testing infrastructure for vehicles embedded with the latest technology. The scope of the said order also includes finishing works and external development relevant to the facility.
L&T's B&F business vertical possesses strong experience in delivering EPC solutions across segments such as hospitals, public spaces, airports, data centres, residential buildings, commercial spaces and factories, including automobiles, proving tracks, new energy facilities like solar panel and battery storage plants, paint and chemical plants, glass plants, food processing units and other complex industrial structures.
Preguntas abiertas
- What is the exact value of each order?
- Which international company is the Proving Ground for?
- What is the timeline for project completion?
