L&T's construction division bags orders worth Rs 24.1 bln

Contify Investment – Thu 7 Jun, 2012 10:21 PM IST

New Delhi: India's largest engineering and construction giant Larsen & Toubro Ltd (L&T ) Thursday said its construction division -- L&T Construction -- has won orders worth Rs 24.1 billion across various businesses.

"L&T Construction - part of the Larsen & Toubro conglomerate has bagged new orders valued Rs 2410 crore (Rs 24.1 billion) across various businesses during the first quarter of 2012-2013," L&T said in a statement.

Buildings & Factories Independent Co, a part of L&T Construction, has bagged orders of Rs 18.21 billion from major developers for the construction of major residential towers across various cities in North India, the statement added.

L&T Construction's infrastructure division has won orders worth Rs 3.45 billion for the design and construction of viaducts and three elevated stations from Delhi Metro Rail Corp Ltd, among other projects.

The Water Effluent and Treatment business of the company has bagged orders worth Rs 2.44 billion from Bangalore Water Supply and Sewerage Board for upgrading the existing water distribution systems.

Shares of L&T closed at Rs 1,276.8, up 0.75%, on the Bombay Stock Exchange today.

Copyright Contify.com

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