L&T Construction bags multiple orders in ₹2,500-cr to ₹5,000-cr range; check details
Upstox
2 min read • Updated: March 27, 2024, 12:45 PM
Summary
L&T has secured a contract from the Ministry of Health, Oman, to construct the Al Namaa General Hospital. In the domestic market, it has received four orders.
The buildings and factories vertical of Larsen & Toubro Construction (L&T) has bagged multiple orders in the domestic and international markets in the range of ₹2,500 crore to ₹5000 crore, the company said in a regulatory filing.
L&T has secured a contract from the Ministry of Health, Oman, to construct the Al Namaa General Hospital. "The scope of works includes construction of a 165-bed hospital building (G+4) including basement and ancillary buildings like substations, STP, etc," the company said.
In the domestic market, it has received an order to construct the Maa Kamakhya Temple Access Corridor from the Assam Public Works Department (PWD).
"The scope of work includes a multi-utility building, pilgrim management block, Chinnamasta Block, Siddheshwar Block and access corridor for the temple. The other scope of work involves finishes and allied MEP (mechanical, electrical and plumbing) services along with external development within the site premises," the exchange filing said.
L&T has also received an order from a subsidiary of a leading paint manufacturing company to build a polymer manufacturing plant in Gujarat. It has also bagged a contract for a Solar Glass Manufacturing Plant in Gujarat.
The shares of L&T were trading at ₹3,711.55, up 1.13%, on the NSE at 12:44 pm. Intraday, the stock reported a high of ₹3,727.20.
The company is engaged in engineering, procurement and construction (EPC) solutions in critical sectors like infrastructure, power, process industries and defence, hydrocarbon, information technology (IT) and financial services in domestic and international markets.
On Tuesday, the board of the engineering conglomerate approved a proposal to raise ₹7,500 crore. The funds would be raised in the form of term loans, external commercial borrowing, non-convertible debentures, etc.