L&T's construction arm bags orders worth Rs 2,416 cr in June

Company's building and factories business won orders worth Rs 1,165 crore

Infrastructure major Larsen & Toubro's construction arm has won projects worth Rs 2,416 crore across various business segments in June.

"The construction arm of L&T has won orders worth Rs 2,416 crore across various business segments in the month of June 2016," Larsen & Toubro (L&T) said in a statement.

The company said its building and factories business won orders worth Rs 1,165 crore and added a prestigious high rise residential project from a leading developer in Mumbai.

The job involves civil and structural works for the construction of two residential towers, it said, adding that another order was bagged for the construction of a mixed-use development (MUD) from a renowned customer in Kolkata.

The scope of work involves civil and structural works for the construction of two towers of G+15 and G+7 floors, respectively, with 2 levels of common basement.

Power transmission and distribution business bagged orders worth Rs 1,120 crore in the domestic and international markets.

"In the international market, a major engineering, procurement and construction order has been bagged from a reputed customer in the Middle East," the company said.

The work includes construction of a medium voltage overhead line which will enhance the reliability of the existing network.

On the domestic front, orders have been received from Paschimanchal Vidyut Vitaran Nigam Limited (PVVNL) in Uttar Pradesh including construction of 33 kV sub-stations and associated lines in Ghaziabad, under the Integrated Power Development Scheme (IPDS) and rural electrification including feeder separation works in Meerut under the Deen Dayal Upadhyaya Gram Jyoti Yojana scheme (DDUGJY).

L&T further said its Smart World & Communication Business secured orders worth Rs 131 crore which includes a new order from RajCOMP Info Services Limited, a government of Rajasthan undertaking, for establishing and commissioning command and control centres at Bikaner, Bharatpur and Jodhpur cities under the Surveillance and Incident Response Project.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with $16 billion in revenue.

The company operates in over 30 countries.

Larsen and Toubro shares were trading 1.56% up at Rs 1,455.90 on BSE in the afternoon session.