L&T bags orders worth Rs.1798 cr

Larsen & Toubro has bagged a contract worth Rs.1798 crore in Saudi Arabia.

The Dollar Business Bureau

Larsen & Toubro (L&T), the Indian multi-national conglomerate, on Wednesday, announced that it has bagged orders worth Rs.1798 crore from both domestic and international companies. Its segments to remain busy for quite some time are; water & effluent treatment business, transportation infrastructure, power transmission & distribution, and building & factories.

The company’s water & effluent treatment segment will provide sewage and sewer network systems worth Rs.565 crore in Saudi Arabia.

The Indian construction giant has also received an order totalling Rs.497 crore from the National Highways Authority of India. The order has been given for engineering, procurement and construction of a four-lane road from Mukkola junction to Kerala/Tamil Nadu border of NH-47 (new NH-66), under NHDP phase-3 in the state of Kerala.

However, in its power transmission & distribution division, L&T secured Rs.407 crore from both domestic and international markets. The Power Grid Corporation of India Limited placed an order for engineering, procurement and construction of a 400/220 kV Sub-Station in Tumkur, Karnataka.

And on the international front, the company received an order from Saudi Electricity Company for the engineering, procurement and construction of 132 kV overhead transmission lines and cabling works in Artawyah and Zulfi areas, at Central Operating Area, in Saudi Arabia.

And finally, the company has received a mid-rise residential order from a prominent Mumbai-based developer. The project is worth Rs.329 crore—the contract involves civil, structural and finishing for 15 towers each, on a scale of 10 to 21 floors.

 

The Dollar Business Bureau - Apr 27, 2016 12:00 IST
 
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