L&T inches up as its arm bags orders worth Rs 1981 crore in March

L&T is currently trading at Rs. 1276.40, up by 1.20 points or 0.09% from its previous closing of Rs. 1275.20 on the BSE.

The Buildings a Factories Business of L&T Construction, subsidiary of Larsen and Toubro (L&T) has bagged new housing orders worth Rs 1981 crore in March 2014. A major residential order has been bagged in Bangalore from one of south India’s leading property developers which is also the company’s biggest residential order in this financial year. The scope of work involves civil, structural, MEP and finishing for 24 towers and 271 villas. The towers will comprise of two basements plus ground floor with levels varying from 18 floors to 29 floors and the project is scheduled to be completed in 42 months.

Another order has been received from an esteemed customer for construction of residential township in Gujarat. The project involves turnkey construction of 134 housing units. The construction includes civil, structural, MEP, finishes and other associated works.The Buildings a Factories Business caters to design a build construction of residential buildings including high rise towers, airports, information technology and institutional space, holistic health care centres, hotels, malls, cement plants, other factories and other commercial structures in domestic and international market.