L&T bags New Orders worth Rs 1,017 cr in Buildings & Factories Segment

Larsen & Toubro’s (L&T) Buildings & Factories Operating Company - part of its Construction Division – has bagged two new orders including add on orders aggregating Rs.1017 crore for the construction of IT campus, residential towers and factory buildings.

L&T has secured a major Design & Build order worth Rs.566 Crore from Cognizant Technology Solutions India Pvt. Ltd for construction of their IT campus development at Siruseri, Chennai.

Another major order worth Rs.280 Crore has been secured from IREO Private Limited for the construction of “The Grand Arch” - multistoried residential apartments at Gurgaon, Haryana.

It has further secured orders worth Rs.171 Crore for the construction of factory building and other add on works from existing jobs from various esteemed clients

These orders further enhance the order book of the company which has already secured major design & build contracts in Airports, IT Parks and commercial space. L&T has a commanding market share in these segments.

Back ground:
Larsen & Toubro is a USD 8.5 billion technology, engineering and construction group, with global operations. It is one of the largest and most respected companies in India’s private sector. A strong, customer –focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.