L&T flat with positive bias on bagging order worth up to ₹2,500 crore for Hyderabad Greenfield radial road project

The stock was trading at ₹4,049 per unit, up 0.04%, on the National Stock Exchange (NSE) at 12:05 pm.

In an exchange filing, the company said that the order is related to the Greenfield Radial Road Phase-1, wherein a 22.3 km 3+3 lane access-controlled radial road is being built in the Ranga Reddy district.

The scope of work involves the construction of a 3.6 km long via duct, underpasses, minor bridges and culverts. The company will also be responsible for the construction of service roads on both sides, extensive retention structures, footpaths, a stormwater drainage system, a cycle track and landscaping works.

Notably, this is the first of several planned radial roads connecting Hyderabad’s outer ring road to the forthcoming regional ring road.

The project will improve regional connectivity and boost growth, offering better access to the information technology (IT) hubs, Electronic City, the Young India Skills University and the Bharat Future City.

Last week, the transportation infrastructure of L&T won an order worth ₹1,000 crore to ₹2,500 crore for the Mumbai metro railway project.

"The Mumbai metro railway project, Package CA-298, awarded by the Mumbai Metropolitan Region Development Authority (MMRDA), pertains to the electrification of the 24.72 km-long Line 4 that runs between Bhakti Park (Wadala) to Cadbury Junction, having 22 elevated stations," the firm had said.

In the September quarter of FY25, L&T had reported a 13.96% increase in its consolidated profit after tax to ₹4,687.09 crore as compared to ₹4,112.81 crore in the same period of the previous fiscal year.

Revenue from operations advanced 10.44% to ₹67,983.53 crore in Q2 FY25 as against ₹61,554.58 crore in the year-ago period.