The Mumbai-headquartered manufacturing and construction multinational company Larsen & Toubro, has recently announced that its construction arm has accrued orders worth INR 1,296 crore. If sources are to be believed, the company has bagged the orders in the domestic market across different segments.
As per the company’s recent BSE filing, an order of INR 488 crore has been received from the Karnataka Power Corp Ltd., for the water & effluent treatment unit. The amount is speculated to be expended for constructing a water supply pipeline between Kushtagi, in the Krishna basin and the Narayanpur reservoir. Incidentally, the capital is to be used for all the related electro-mechanical works and the supply & laying of water supply pipe lines.
L&T’s official statement claims that the project’s focus is to boost water requirements for their current power plant located at Bellary.
For the record, this isn’t the most recent instance proving the vast expanse of L&T’s construction arm. According to the Business Standard, Larsen & Toubro Construction had secured orders worth Rs 3,000 crore last month. The order had been received from the Andhra Pradesh Capital Region Development Authority (APCRDA) for constructing office buildings at Amaravati, Andhra Pradesh.
Incidentally, the company has also bagged orders for building a tourism-related facility in the capital city of Muscat in Oman. L&T, for this project, will undertake responsibility for the overall structure, landscaping, exterior development, MEP service, and architectural finesse as well.
For the uninitiated, Larsen & Toubro has a legacy of more than 80 years and focuses on core businesses in the areas of Engineering, Technology, Infrastructure, Manufacturing and construction. The giant has facilities all over the globe with a customer base spread across 30 countries.
As per sources familiar with the matter, L&T’s metallurgical & material handling business has also seized orders worth INR 808 crore.