L&T wins housing contracts worth Rs 1,981 crore

Tags: L&T, Companies
Construction major Larsen & Toubro (L&T) has won contracts worth Rs 1,981 crore in the housing sector this month, including a major order in Bangalore.

"The Buildings & Factories Business of L&T Constructions has won new housing orders worth Rs 1,981 crore in March 2014," the company said in a filing to the BSE.

A major residential order has been bagged in Bangalore from one of South India's leading property dealers which is also the company's biggest residential order this year, it said.

The scope of work involves construction of 24 towers and 271 villas. The towers will comprise two basements and a ground floor with levels varying from 18 to 29 floors.

The project is scheduled to be completed in 42 months.

The other order pertains to construction of a residential township in Gujarat with 134 housing units on turnkey basis.

Senior Executive Vice President, Infrastructure Division, L&T and member, Board, S N Subrahmanyan said, "One of our key focus areas have been the growing potential in the residential sector and by winning these prestigious orders we have made significant roads in this space."

The Building & Factories Division of the company caters to design and builds construction of residential buildings, including high rise towers, airports, factories and other structures.

The shares of the company were trading at Rs 1,289 apiece on the BSE during afternoon trade, up 1.08% from the previous close.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture