MoneyWorks4Me

L&T’s arm bags residential order worth Rs 2,903 crore

28 Mar 2017 Evaluate

Larsen & Toubro’s (L&T) construction arm -- L&T Constructions has bagged a major residential order worth Rs 2,903 crore. The Building & Factories Business of L&T Construction has bagged a major design & build order to re-develop Mumbai’s century-old BDD Chawls for Maharashtra Housing and Area Development Authority (MHADA). The prestigious contract is the largest residential project awarded to L&T Construction till date.

The scope of work comprises complete design and construction of twenty residential towers (3B+G+23F) for rehabilitation, four high-rise towers (3B+G+72F) for sale and one commercial development (3B+G+21F) within a plot area of 16 acres along with MEP, finishes, onsite/offsite infrastructure, landscaping, demolition of existing structures and logistics involved in the rehabilitation of the current occupants.

Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.


Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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