Stock Report

L&T Construction awarded contracts for its Buildings & Factories Business

Posted On : 2022-07-11 10:57:43( TIMEZONE : IST )

L&T Construction awarded contracts for its Buildings & Factories Business

The Buildings & Factories (B&F) Business of L&T Construction has secured contracts from various important clients.

B&F has secured orders from renowned Data Center Service providers to construct Data Centers of a total capacity of 10.8 MW at Mumbai and Navi Mumbai within stringent timelines. The scope involves Design, Build, Supply, Installation, T&C works for the Data Center and allied buildings including fit outs. The scope also includes systems such as the HVAC, elevators, Electrical, Fire Fighting Systems, Public Health Engineering, Networking & Security Systems, Building Management System. Site Development, Road, Boundary wall, Landscaping, etc. will be carried out too. This order marks an important milestone in L&T's venture to spearhead the design and build of Data Centers in India.

B&F has also secured a repeat order from a prestigious client to construct commercial office space of an approximate built-·up area of 1 million Sq. ft at Hyderabad.

Further, the Business has secured an order for the Engineering, Procurement & Construction of the 'Statue of Oneness' - The Statue of Adi Shankaracharya at Omkareshwar in District Khandwa, Madhya Pradesh from the Madhya Pradesh State Tourism Development Corporation Ltd. The Statue will be bronze cladded and will be placed on a lotus petal base made of stone, which will be placed over a RCC pedestal. The sole height of statue from base i.e., from the paduka till the apex will be 108 feet. The project is scheduled to be completed in 15 months.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1687.40 as compared to the previous close of Rs. 1611.30. The total number of shares traded during the day was 245520 in over 16708 trades.

The stock hit an intraday high of Rs. 1702.00 and intraday low of 1618.00. The net turnover during the day was Rs. 411656714.00.

Source : Equity Bulls


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