L&T’s construction arm bags orders worth Rs 7,489 crore

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

01 Oct 2018 Evaluate

Larsen & Toubro’s (L&T) construction arm -- L&T Construction’s Heavy Civil Infrastructure Business has won orders worth 7,489 crore. A major order has been received from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of the Mumbai Coastal Road Project (MCRP), Packages 01 and 04. The project involves the construction of a 7.75 Km Costal Road from Princess Street Flyover to Baroda Palace including an underground tunnel passing below Girgaum Chowpatty, Malabar Hills and Priyadarshini Park.

The Package-04 of the contract involves the construction of a 3.93 Km stretch of coastal road from Princess Street Flyover to Priyadarshini Park. The scope includes construction of up a down ramps from Marine Drive connecting to the underground road (twin) tunnel which will pass below Girgaum Chowpatty, Malabar Hills and exit at Priyadarshini Park connecting to the Package-01 of the project. The Package-01 of the contract involves the construction of a 3.82 Km long, 8-lane highway over reclaimed land from Priyadarshini Park to Baroda Palace including interchanges at Amarson Garden and Haji Ali. The Haji Ali interchange will be a multilevel interchange inside Haji Ali bay providing connectivity to the existing Khan Abdul Gaffar Khan Road.

The business has also received a major variation order from the Irrigation and Command Area Development Department (I&CAD), Government of Telangana for the Medigadda Barrage Project.

L&T Geostructure, a subsidiary of the Heavy Civil Infrastructure Business, has received an order from BHEL, to execute piling, pile test, pile cap and pedestal works for a 1x660 MW Panki Thermal Power Plant near Kanpur, UP. The scope involves execution of bored cast-in-situ piling of various diameters.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Larsen & Toubro Share Price

3973.60 -48.90 (-1.22%)

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Peers

Company Name	CMP
Larsen & Toubro	3973.60
Rail Vikas Nigam	305.00
NCC	169.85
KEC International	598.10
Kalpataru Projects	1274.45
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