Reports indicate that L&T Construction, a leading construction company in India and among world’s top contractors, has bagged a mega contract for the construction and design of a major airport. The orders for Engineering, Procurement and Construction have been obtained for executing the airport’s development works.
The construction and engineering company did not provide the exact value of the contract, but it had specified that this project is in the range of over Rs. 7,000 crore, according to the project’s mega classification.
The company informed in its statement that the scope of work involves engineering, design, construction and procurement of Passenger Terminal Building, utility infrastructure, landside roads, taxiways and aprons, a new elevated eastern cross taxiway, a new runway, rehabilitation of a runway, drainage as well as modifications for the existing Terminal.
According to a press release from L&T, this project includes building of airfield ground lighting, vertical horizontal transportation, visual docking guidance systems, airport security systems, passenger boarding bridges, baggage handling systems, electrical, mechanical and plumbing works. This would grow the current capacity to 40 million passengers per annum (40MPPA).
For the uninitiated, the Indian multinational firm Larsen & Toubro is purportedly engaged in manufacturing, construction, engineering, technology and financial services with a revenue of around $18 billion. The company operates in more than 30 nations across the world. A customer–focused, strong approach, along with the constant quest for high quality have enabled L&T in attaining and sustaining leadership in the company’s major lines of business for more than 80 years.
At the time of reporting, Larsen & Toubro Ltd. was trading at Rs. 1,255.60, up by 0.99 per cent or Rs. 12.35, compared to its previous closing of Rs. 1,243.25 on the BSE. It opened at Rs. 1,243.25 and made a low and high of Rs. 1,243.25 and Rs. 1,258.55 respectively.