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Apr 05, 2013, 08.18 PM IST | Source: Moneycontrol.com

L&T to build terminal complex at Abu Dhabi Airport by 2017

L&T construction has secured an airport terminal project in Abu Dhabi for USD 256.77 million. Under the contract, the firm will develop a midfield terminal complex at the Abu Dhabi International Airport.

Moneycontrol Bureau

L&T construction has secured an airport terminal project in Abu Dhabi for USD 256.77 million. Under the contract, the firm will develop a midfield terminal complex at the Abu Dhabi International Airport.

Work on the project will commence this month with a construction period of 28 months. The terminal complex is expected to be commissioned by 2017, said a statement from the firm.

The contract has been awarded by Abu Dhabi Airports Company (ADAC) and the work on the complex is part of this company's major expansion programme of Abu Dhabi International Airport. 

L&T will build concrete hard stands for aircraft parking around the new midfield terminal building, including contact and remote stands, among other works.

Abu Dhabi International Airport is the capital's main airport and the flagship of ADAC's five airports it operates. Meanwhile, shares of the company were down over a percent to Rs 1365 at 9:50 am.

Read This:  Buy L&T; target Rs 1699: Prabhudas Lilladher

Larsen stock price

On November 27, 2014, Larsen and Toubro closed at Rs 1619.40, down Rs 14.5, or 0.89 percent. The 52-week high of the share was Rs 1774.70 and the 52-week low was Rs 951.60.


The company's trailing 12-month (TTM) EPS was at Rs 63.52 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 25.49. The latest book value of the company is Rs 362.41 per share. At current value, the price-to-book value of the company is 4.47.

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