L&T Construction wins orders worth Rs 2,458 cr

Orders worth Rs 1,634 crore were bagged by L&T Construction's power transmission & distribution business

Infrastructure major Larsen and Toubro (L&T) today said its construction arm has won orders worth Rs 2,458 crore.

"L&T Construction has won new orders worth Rs 2,458 crore across various business segments in May, 2014," the company said in a statement.

Orders worth Rs 1,634 crore were bagged by L&T Construction's power transmission & distribution business.

"A major international EPC (engineering, procurement and construction) order from Qatar General Electricity & Water Corporation (KAHRAMAA) has been received for supply, construction and commissioning of 6 EHV substations in Qatar. The total value of the order is Rs 1,470 crore," it said.

The company said the contract includes design and construction of civil buildings with a complete set of utilities such as air-conditioning, fire protection and lighting systems.

The project is scheduled for completion in phases starting from 16 to 44 months.

"The two packages which we are currently executing for KAHRAMAA are progressing well and this order, which has been won in the face of stiff global competition, reflects the growing confidence of L&T's capability," said SN Subrahmanyan, Member of the Board and Senior Executive Vice President (Infrastructure and Construction).

On the domestic front, order worth Rs 164 crore has been received for EPC of 33 kV network substation and associated works in Puri town from Orissa Power Transmission Corporation.

The company said its buildings & factories business also bagged new orders worth Rs 517 crore and the major order pertains to construction of a convention centre at New Town, Kolkata, from the West Bengal Housing Infrastructure Development Corporation.

Another order has been received from a reputed client for the construction of a mall in Chennai. The scope involves civil and structural works.

Besides, the transportation infrastructure business has received a new order worth Rs 307 crore for the design build and turnkey construction of a 4 lane elevated corridor project in Kolkata..

The project has an approximate length of 4.3 Kms from Garden Reach to Remount Road in Kolkata and is likely to be executed in 18 months. The project will be funded by JNNURM for the client, Kolkata Metro Development Authority project.

The shares of the company closed at Rs 1577.15 ascrip on BSE, up 0.75 per cent.