L&T Construction wins order from HITES for its Buildings & Factories Business

The Buildings & Factories (B&F) Business of Larsen & Toubro (L&T) Construction has secured an order from HITES (A Mini Ratna PSU) under the Ministry of Health and Family Welfare.

The Health Business Unit of the HRC SBG has secured an order to construct a new AIIMS at Rewari (Haryana) on a Design, Engineering, Procurement and Construction (EPC) basis in Q3 FY'24.The facilities will include a 720-bed Teaching Hospital, a 30-bed AYUSH Hospital, an 100 students' annual intake Medical College, Nursing College, 500-seat Auditorium, Hostel & Residential facilities to be executed within stringent timelines. The total built up area is 1.5 Mn Sq. ft.

The scope of work involves Civil structure, Finishes & allied MEP services including built in Furniture, Supply, Installation, Testing & commissioning of Medical Gas Piping, Modular OT, Pneumatic Tube System, Nurse Call System, Central Sterile Supply Department & external development works including landscaping.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3500.25 as compared to the previous close of Rs. 3515.05. The total number of shares traded during the day was 50424 in over 6089 trades.

The stock hit an intraday high of Rs. 3560.00 and intraday low of 3489.00. The net turnover during the day was Rs. 177551059.00.

Source : Equity Bulls

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