L&T Construction secures order from Bangladesh Hi-Tech Park Authority

The Construction arm of Larsen & Toubro has secured an order from the Bangladesh Hi-Tech Park Authority to construct Hi-Tech IT Parks at 8 locations (2 packages at 4 locations each) across Bangladesh. This project is being funded by the Indian EXIM Bank and is the first IT & Office Space order that L&T has secured in Bangladesh.

The major scope of work for the project comprises Procurement and Construction of 7 storied structural steel buildings at all 8 locations with BUA of 1.2 million sq. ft. including Civil, Finishes, Facade, and Electromechanical works with LEED Gold rating. The scope also includes HVAC, Lift, Electrical, Fire Fighting System, Public Health Engineering, Networking & Security System, Building Management System, Site Development, Road, Boundary wall, Landscaping, Arboriculture etc.

The project locations are in Rangpur, Natore, Jamalpur, Mymensingh, Dhaka, Khulna, Gopalganj and Barishal districts of Bangladesh. The project is scheduled to be completed within stringent timelines.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1874.40 as compared to the previous close of Rs. 1885.80. The total number of shares traded during the day was 86161 in over 9559 trades.

The stock hit an intraday high of Rs. 1896.30 and intraday low of 1847.45. The net turnover during the day was Rs. 160895138.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 ITParks BangladeshHiTechParkAuthority OrderWin