L&T arm wins over Rs 7,000-cr contract for building airport; shares up marginally
Infrastructure major Larsen & Tourbo (L&T) on Monday said its construction arm has won a contract for building a major airport
L&T Construction has secured a mega contract for design and construction of a major airport
The engineering and construction company, however, did not provide the exact value of the contract
Also, it did not specify the name of the airport
New Delhi: Infrastructure major Larsen & Tourbo (L&T) on Monday said its construction arm has won a contract for building a major airport.
The engineering and construction company, however, did not provide the exact value of the contract; but specified that as per its classification, the mega-project is in the range of over Rs 7,000 crore.
"L&T Construction has secured a mega contract for design and construction of a major airport. The engineering, procurement and construction orders have been secured to execute development works of a major airport," L&T said in a statement.
It, however, did not specify the name of the airport.
The company said the scope of work includes design, engineering, procurement and construction of passenger terminal building, a new runway, rehabilitation of a runway, taxiways and aprons, a new elevated eastern cross taxiway, landside roads, utility infrastructure, drainage and modifications for the existing terminal.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with $18 billion in revenue.
Shares of the company were trading at Rs 1,248 apiece, up 0.38 percent from their previous close, on BSE.
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