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L&T lays the foundation for a ₹5,000 crore win

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In short

The order, valued between ₹2,500 and ₹5,000 crore, is categorized as 'large' and involves the construction of Central government buildings. L&T is set to build the Common Central Secretariat buildings 4 and 5 along Kartavya Path in New Delhi, with a total built-up area of 32.8 lakh sq. The project is expected to be completed within 24 months and followed by a five-year operation and maintenance period.

Key points

  • The order, valued between ₹2,500 and ₹5,000 crore, is categorized as 'large' and involves…: The order, valued between ₹2,500 and ₹5,000 crore, is categorized as 'large' and involves the construction of Central government buildings.
  • L&T is set to build the Common Central Secretariat buildings 4 and 5 along Kartavya Path…: L&T is set to build the Common Central Secretariat buildings 4 and 5 along Kartavya Path in New Delhi, with a total built-up area of 32.8 lakh sq.
  • The project is expected to be completed within 24 months and followed by a five-year oper…: The project is expected to be completed within 24 months and followed by a five-year operation and maintenance period.

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Orders ranging between Rs 2,500 and 5,000 crore in value are categoried as 'large'.

The company's Public Spaces, Airports & Health (PAH) business vertical is set to build Central government's Common Central Secretariat buildings 4 and 5 along Kartavya Path in New Delhi.

Also read: Indian Navy to get another indigenous multipurpose ship built by L&T

The order, awarded by the Central Public Works Department, will be implemented on an engineering, procurement and construction basis. It comprises two buildings with a configuration of basement, ground and 7 floors, having a total built-up area of 32.8 lakh sq. ft.

Shares of Larsen & Toubro (L&T) were trading at Rs 3,630 as around 13:39 on Wednesday, being almost flat at -0.66% since the day's opening price.

L&T's scope encompasses structural, architectural, MEP and external development works, it said in a regulatory filing. The Delhi project is scheduled for completion in 24 months, followed by a five-year operation and maintenance period.

The Andhra Pradesh state government has awarded an order to L&T to build two office towers on either side of the Amaravati Quantum Computing Centre at Amaravati.

The two proposed towers will constitute basement, ground and 47 floors, together covering a built-up area of 37.5 lakh sq. ft.

Under the design & build order, the company's scope includes shell and core works, with the project scheduled for completion in 30 months.

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Original source: economictimes.indiatimes.com

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