L&T Construction wins new orders worth Rs 2,962 cr

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Infrastructure major Larsen and Toubro's construction wing has won new orders worth an aggregate Rs 2,962 crore across various business segments.

"The Buildings and Factories Business has bagged new orders worth Rs 1,555 crore," the company said in a filing with the BSE. The contracts won by Buildings and Factories Business include a large turnkey order from an information technology major for construction of two technology centres in Bangalore and a turnkey order for infrastructure development of three government medical colleges in Cuttack, Sambalpur and Behrampur in Odisha, it said.

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Besides, an order has also been received from Cochin International Airport to build the new international terminal complex building in Kochi with the capacity to handle 10 million passengers annually. Apart from few other orders won by the Buildings Division, the Water & Renewable Energy Business of the company has bagged "new orders worth Rs 726 crore" including contracts for a combined water supply scheme to 1,891 habitations in Pudukkottai and Sivagangai districts in Tamil Nadu from Tamil Nadu Water Supply & Drainage Board, it said.

"The Power Transmission & Distribution Business has bagged new orders worth Rs 258 crore", the company said, adding that this includes an order from Transmission Corporation of Andhra Pradesh for work of supply, erection, testing and commissioning of a 400 kV double circuit transmission line.

The company also received additional orders worth Rs 423 crore from various ongoing projects in Metallurgical & Material Handling, Heavy Civil and Transportation Infrastructure Businesses of L&T construction, it added.

Larsen & Toubro is a USD 14 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations. The shares of the company were trading at Rs 1,013 apiece during late morning trade, up 0.12 per cent from the previous close on the BSE.