L&T construction div bags orders worth Rs 1017 cr

Mumbai, Mar 31: Larsen & Toubro (L&T) has announced that its construction division has secured two major projects besides add on orders worth Rs 1017 crore.

L&T Buildings and Factories Operating Company will be building IT campus, residential towers and factory buildings under the new orders from clients such as Cognizant Technology Solutions India Pvt and IREO Private Limited.

Cognizant has handed over a Rs 566 crore worth Design & Build order to L&T for construction of their IT campus development at Siruseri, Chennai.

For IREO Private Limited, L&T will be constructing the 'The Grand Arch', which is a multistoried residential apartments at Gurgaon, Haryana, in the Rs 280 crore project.

It has further secured orders worth Rs 171 Crore for the construction of factory building and other add on works from existing jobs from various esteemed clients, L&T said in a release on Wednesday, Mar 31.

These orders further enhance the order book of the company which has already secured major design & build contracts in Airports, IT Parks and commercial space, it added.

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