Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3922.00
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L&T’s construction arm bags residential project from CIDCO

Date: 09-09-2019

Larsen & Toubro’s (L&T) construction arm -- L&T Construction’s Buildings & Factories business has secured a prestigious residential project from the City and Industrial Development Corporation of Maharashtra (CIDCO) to construct 23,432 dwelling units with on-site infrastructure works at various locations in Navi Mumbai.

The project, being part of the Pradhan Mantri Awas Yojana (PMAY), envisages construction of Economically Weaker Section (EWS) and Low-Income Group (LIG) type of dwelling units. The building configurations vary from 13 to 20 storeys. This is a fast track project to be completed within stringent timelines.

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