L&T's construction arm secures orders of Rs 2,048 cr in October

New Delhi: The construction arm of Larsen & Toubro (L&T) won orders worth Rs 2,048 crore across various business verticals in October 2015.  The cumulative orders include deals bagged by its power transmission and distribution division, transportation infrastructure and buildings and factories unit. The company’s power transmission and distribution division won orders worth Rs 758 crore in both international and domestic markets, L&T Construction said in statement. “On the international front, Larsen & Toubro Saudi Arabia LLC, a fully-owned subsidiary of L&T, has bagged an order against stiff competition from local players for the construction of four 132 kv substations in Riyadh from National Grid, Saudi Arabia, a subsidiary of Saudi Electricity Company,” the statement said. These projects are in the Central Province of Saudi Arabia and will be completed in 22 months, it said. In the domestic market, the company’s power unit landed an order from Power Grid Corporation of India Limited for engineering, procurement and construction of a 765 kv GIS sub-station package at Aligarh under the Interregional System Strengthening Scheme. Similarly, L&T’s transportation infrastructure unit secured orders worth Rs 732 crore from the National Highway Authority of India (NHAI) for construction of a six-lane elevated corridor from Chandigarh to Kharar in Punjab. “This project is to be completed in 30 months and involves the construction of 10.18 km of four-lane dual carriageway along with three elevated corridors of a cumulative length of 3.37 km,” the statement said. The transport unit also bagged an order from the Lucknow Metro Rail Corporation Limited for the design, supply, installation, testing and commissioning of receiving-cum-auxiliary main-cum-traction sub stations, including high voltage cabling from grid sub-station. The buildings and factories unit of L&T secured two orders worth Rs 558 crore, including add-ons during the month. “An order has been received from a leading real estate developer for the construction of 13 residential towers in Chennai. Another order has been bagged from a reputed cement producer for setting up its cement plant in Rajasthan which is an expansion of its existing two lines,” the statement read. PTI