L&T’s construction arm wins contracts worth $480m

WCN Editorial Team 23 Mar 2016 ASIA BUILDINGS

Larsen & Toubro’s (L&T) construction division has secured several contracts worth INR32.05bn ($480m) across its various businesses.

Of these, INR20.18bn ($302.2m) worth of contracts have been awarded to the company's buildings and factories business.

These include a contract from a Mumbai-based developer for a turnkey high-rise residential project. The scope of the contract will include civil, structural, mechanical, electrical, plumbing and finishing works for six towers, each rising 55 to 60 floors.

The business has also secured additional orders from several existing customers for the development of commercial and residential spaces.

The power transmission and distribution business has won contracts worth INR7.1bn ($106.3m).

In the company's domestic Indian market, the business has secured a turnkey contract from Powergrid Southern Interconnector Transmission System to build a 400kV double circuit transmission line linking Cuddapah to Madhugiri, as well as another contract from Power Grid Corporation of India for the construction of a 765kV double circuit transmission line at Cuddapah.

In the international market, Larsen & Toubro (Oman) has secured a turnkey contract from Oman Electricity Transmission Company to build 400kV reactor transformers and associated works at Sur and Izki substations.

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