L&T secures construction contracts worth $343m

WCN Editorial Team 4 Apr 2016 ASIA BUSINESS

The construction unit of Larsen & Toubro (L&T) has won contracts worth INR22.71bn ($343.1m) across its various businesses.

L&T's buildings and factories business has secured a turnkey contract valued at INR15bn ($226.6m) to build a mixed-used development in New Delhi.

The contract will include the construction of a convention centre, a business centre tower and two hotel towers as part of the overall development. L&T's scope of work will also involve civil, structural, architectural, mechanical, electrical, plumbing and finishing works.

L&T has also won an INR4.5bn ($68m) contract for the expansion of Hyderabad's Air Force Academy. The project will include the extension of the main runway and parallel taxi track, widening of tracks, earth filling and allied works.

The company’s power transmission and distribution business has secured new orders worth INR3.21bn ($48.4m) in both the domestic and international markets.

On the domestic front, the company has received an EPC order for 765kV double circuit Bhuj Banaskanta transmission line (part-1) from Power Grid Corporation of India Limited, which is associated with Green Energy Corridor.

In the overseas sector, L&T has won a contract from Electricity Generating Authority of Thailand (EGAT) for the engineering, procurement and construction of 500kV Transmission Line for Thai/Laos Border Crossing.

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