L&T bags 'significant' order from Oberoi Realty and others

Larsen & Toubro Ltd. (L&T) has secured a ‘significant’ order for its Buildings & Factories business, including a contract from Oberoi Realty to build residential towers in Gurugram.

As per the company, an order ranging between Rs 1,000 crore and Rs 2,500 crore is classified as 'significant'.

L&T share price: Shares of Larsen & Toubro Limited (L&T) were trading at Rs 4033.00 per scrip after rising by Rs 10.85 (+0.27%) as on 12:15 on April 23.


"The Buildings & Factories (B&F) business vertical of L&T has won multiple orders in India. It has secured an order from Oberoi Realty for the construction of seven high-rise residential towers in Gurugram, NCR," the company said in a release.

The scope of the order includes RCC shell and core construction, along with earthworks and piling, all to be executed within "stringent timelines".

L&T's construction business has also secured an order for the construction of a proving ground from an unnamed 'reputed international company' in Haryana. The facility, as L&T said, will boost testing infrastructure for vehicles embedded with the latest technology.

The scope of the said order also includes finishing works and external development relevant to the facility.

L&T’s B&F business vertical possesses strong experience in delivering EPC solutions across segments such as hospitals, public spaces, airports, data centres, residential buildings, commercial spaces and factories, including automobiles, proving tracks, new energy facilities like solar panel and battery storage plants, paint and chemical plants, glass plants, food processing units and other complex industrial structures.