L&T bags orders worth Rs 1,162 cr
Engineering firm Larsen & Toubro on Thursday said it has bagged orders worth Rs 1,162 crore from different vendors for construction of factories and residential projects.business Updated: Feb 26, 2009 11:17 IST
Engineering firm Larsen & Toubro on Thursday said it has bagged orders worth Rs 1,162 crore from different vendors for construction of factories and residential projects.
L&T ‘s Buildings & Factories Operating Co, a part of the construction division, has bagged orders worth Rs 1,162 crore in the fourth quarter of 2008-09, the company said in a filing to the Bombay Stock Exchange.
The company has received a Rs 605-crore order from Andhra Pradesh Rajiv Swagruthu Corp for construction of township flats in Hyderabad. The project is to be completed in two years.
L&T has also received major orders aggregating to Rs 557 crore for the construction of cement plants and other strategic factory buildings.
The cement plant construction orders have been received from major players like KCP and Lafarge India Pvt Ltd. The project is scheduled to be completed in 15 months.
Shares of Larsen & Toubro were trading at Rs 622.75, up 1.68 per cent on the BSE.