L&T bags

Mumbai: Larsen & Toubro (L&T) has bagged orders worth Rs900 crore from the National Highways Authority of India (NHAI), and a letter of intent for Rs261 crore from the principal contractor of the Hyderabad airport project.

The NHAI orders include two build, operate and transfer (BOT) road projects in Tamil Nadu and Andhra Pradesh.

According to a press release from L&T in TN the road project of Rs525 crore involves widening of the existing two-lane road between Krishnagiri and Thoppurghat to four lanes on NH 7.

The other project of Rs370 crore includes four-laning of a stretch from Jadcherla to Kottakota in Mehaboobnagar district of Andhra Pradesh.

The road projects will be developed through special purpose vehicles (SPVs) formed exclusively for each project, the release added.

In the Rs261 crore Hyderabad airport project, L&T has received a letter of intent for construction of a passenger terminal building from the principal contractor - China State Construction Engineering, Hong Kong.

Apart from this the company has also bagged a Rs495 crore engineering, procurement and construction (EPC) in August 2005.