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Larsen and Toubro on Tuesday said it has secured a "significant" transport infrastructure development project in Dubai, UAE. The order pertains to the Phase-1 of the road development initiative undertaken by the UAE authorities, Larsen and Toubro (L&T) informed the exchanges. L&T did not provide any financial details of the order. According to company classification, a significant order ranges between Rs 1,000 crore to Rs 2,500 crore. The contract has been secured by the Transportation Infrastructure business vertical of the company for the improvement of Latifa Bint Hamdan Street in Dubai. The project is scheduled to be completed in 36 months. The scope of the project includes upgrading the existing road corridor stretching from Emirates Road (E611) to Sheikh Mohammed Bin Zayed Road (E311). The work involves widening the current two-lane dual carriageway into a four-lane dual carriageway in each direction to enhance network capacity and ease traffic flow.
Infrastructure major Larsen & Toubro (L&T) on Friday said its Buildings & Factories (B&F) vertical has secured a "major" orders in the domestic market. In a regulatory filing the company said its Buildings & Factories (B&F) vertical has secured an order for one of the largest proposed IT parks with a development of 5.9 million sq feet at Bengaluru. According to the company's project classification, the 'major' order values between Rs 5,000 crore-10,000 crore. The company, however, did not disclose the name of the company it has received the order from. The order will be executed on a lump sum turnkey basis and to be delivered in two phases, it added. The order reinforces L&T's track record and proven expertise in delivering complex and large-scale office space projects with stringent timelines, the filing said. The business has also secured an order to construct a mixed-use development project in Mumbai. The project is to be executed within a timeline of 45