L&T’s Construction Arm Pockets Rs 1,450 Cr Orders

L&T’s Construction Arm Pockets Rs 1,450 Cr OrdersEngineering and construction major, Larsen & Toubro (L&T) announced that its newly formed Building & Factories Operating company, a part of its construction division, has pocketed Rs 1,450-crore worth orders during the third quarter of 2008-2009.

The scope of orders includes the construction of IT and office space building including add on orders from on going work at its airport projects.

The company said that it has received the fresh orders from major players including Tata Consultancy Services (TCS) and Godrej Developers.

Moreover, the orders enhance the company’s order book that had secured major design-&-build orders in the airports, IT Parks and commercial space.

last month, L&T received Rs 2,460 crore order from Mumbai Metropolitan Region Development Authority (MMRDA) for buildingng the monorail project in the city.

The company together with Malaysia-based Scomi Engineering would construct the 20-km monorail by the next 30 months.

At 3:31 p.m., shares of L&T declined 3.28% to trade at Rs 680.50 on the Bombay Stock Exchange (BSE).

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