Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3933.45
1.00 (0.03%)
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L&T plans to develop 18.5 million sq ft space around Hyderabad Metro project

Date: 11-06-2015

Larsen & Toubro (L&T), which is developing the Rs 16,000 crore Hyderabad Metro Rail project, is planning to develop the entire 18.5 million square feet (sq ft) commercial space around the project in a phased manner over the next 10 years. The entire 18.5 million sq ft of Hyderabad Next will be developed in a phased manner in sync with market requirements over the next 8-10 years, across about 20 locations in different micro markets of Hyderabad. Out of total, development of about 1.1 million sq ft of high quality retail and office space is underway in the first phase across three locations, to be commissioned in 2016.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.