L&T wins large order for Building & Factories Business

The Buildings & Factories (B&F) vertical of Larsen & Toubro has secured large order from the Brigade Group to construct residential and commercial towers in Hyderabad and Chennai. This accounts for the largest residential project that the business has so far received from a private customer.

1. Brigade Gateway Residences at Neopolis, Kokapet, Hyderabad: Comprising 2 luxury towers, the project will feature one of the tallest buildings in Hyderabad, with configuration being 5B+G+57 floors.

2. Brigade World Trade Centre at Neopolis, Kokapet, Hyderabad: A commercial tower standing tall at over 200 metres in the configuration of 5B+G+50 floors. It will also accommodate retail space and a five-star hotel - Brigade Neopolis - and will be the tallest mixed-use development in Hyderabad.

3. Brigade Altius, Chennai: The project will be one of the tallest and prestigious development in the locality in Chennai, comprising 3 Signature towers with configuration being 6 parking levels + 39 apartment floors.

4. Brigade Morgan Heights, Chennai: The project comprises 10 luxury towers in the configuration of 4 parking levels and apartment floors ranging between 11-21 floors.

All these projects will be executed on a design-and-build basis in stringent timelines.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3349.20 as compared to the previous close of Rs. 3318.80. The total number of shares traded during the day was 58959 in over 4274 trades.

The stock hit an intraday high of Rs. 3359.00 and intraday low of 3278.00. The net turnover during the day was Rs. 195365978.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 LT OrderWin BuildingsandFactories BrigadeGroup