L&T wins Rs 2,125-crore contracts

New Delhi:Infrastructure major Larsen & Toubro (L&T) has won contracts worth Rs 2,125 crore, including a major highway project in Karnataka.

"The construction arm of Larsen & Toubro has won orders worth Rs 2,125 crore across its various businesses.

The transportation infrastructure business has bagged a new engineering, procurement and construction order worth Rs 821 crore from the National Highways Authority of India (NHAI)," the company today said in a statement.

The contract is for four-laning of the Addahole (Gundya) to Bantwal cross of NH-75 (old NH no. 48) in Karnataka.

The project is scheduled be completed in 30 months and involves construction of 63 kms of four-lane dual carriage way with concrete pavement in addition to the construction of 14.5 km of service roads, two flyovers, two major bridges, 14 minor bridges, nine underpasses and a toll plaza.

"The order is an index of L&T's expansion in the road infrastructure space, with the company having bagged prestigious road and bridge projects both in the international and domestic markets, thanks to its well-established capabilities," the company said.

It said its Smart World and Communication business has bagged orders worth Rs 761 crore, which involve design and implementation of safe cities using integrated security features and intelligent and integrated traffic management systems.

The company said additional orders worth Rs 543 cr have also been received from various ongoing jobs of Power Transmission & Distribution and Buildings & Factories businesses.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 15 billion in revenue.

The stock was trading at Rs 1,206.95 on BSE, down 2.33 percent from the previous close, at about 1300 hours.