L&T Construction bags new orders worth Rs1340 crore
24 Aug 2011
L&T Construction has secured new orders worth Rs1340 crore in the building and factories segment during the second quarter of FY 2011 for the construction of commercial & residential buildings including add-on orders from ongoing projects.
L&T has secured new orders aggregating to Rs975 crore for the construction of a mixed use commercial development and construction of the main civil works for an IT campus from reputed customers.
In yet another development, it has secured an order valued at Rs203 crore for the construction of a residential tower from a leading developer.
It has also secured add-on orders worth Rs162 crore from various clients for ongoing contracts.
These orders further enhance the order book of the company which has already secured major design & build contracts in airports, IT parks, commercial and residential space.
Recently, the company had bagged new orders worth Rs4,000 crore ($889 million) in the hydrocarbon sector, including three overseas (See: Larsen & Toubro Limited (L&T) has bagged two orders worth $639 million from UAE)