L&T Wins Significant Order Worth Up To Rs 2,500 Crore For Office Space Development In Mumbai

Wednesday, July 05, 2023, Larsen & Toubro Ltd. (L&T) in a press release titled 'L&T Construction Wins (Significant*) Order for its Buildings & Factories Business' announced that it has secured an order worth up to Rs 2500 Crore. It is an EPC order in Mumbai for an Office Space Development using Composite Steel Construction Technology.

According to the press release, 'Significant' is defined as a project size within Rs 1000-2,500 Crore.

L&T Construction Wins (Significant*) Order for its Buildings & Factories Business

The Buildings & Factories Fast Business of Larsen & Toubro (L&T), Construction has recently secured an EPC order in Mumbai for an Office Space Development using Composite Steel Construction Technology.
The order is received from a Multinational Company for Construction of Commercial Office Space at Mumbai with an approximate built-up area of 14.85 Lakhs Sq. ft.

The project scope involves Engineering, Procurement & Construction including Civil Works, Composite Steel, Façade, MEP & External Development Activities to construct 6B+G+12 Floors.
The project is scheduled to be completed in 2026.

This is a testament to the expertise of the business vertical in fast-track execution of steel structures with Composite Steel Technology.

Stock Outlook

Meanwhile, the stock of L&T today last traded at Rs 2473.05/share, 0.48% higher compared to its previous close of Rs 2461.35 apiece.

The stock hit an intraday high at Rs 2444.50/share and an intraday low at Rs 2455/share, it was opened at Rs 2456.05/share on BSE.

Its 52-week high on Jul 03, 2023, at Rs 2492.50/share and 52-week low on Jul 06, 2022, at Rs 1552.20/share.

It surged 2.13% in the past 1 week, and 8.99% in the past 1 month. In jumped 58.08% in the past 1 year. In the past 3 years, it jumped 161.84%. It jumped 97.29% in the past 5 years.

About - Larsen & Toubro Ltd. (L&T)

Larsen & Toubro is a USD 23 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.