L&T secures Major orders for IT Park in Bengaluru and mixed-use project in Mumbai
Larsen & Toubro's Buildings & Factories vertical secured major orders for a 59 lakh sq. feet IT Park in Bengaluru and a mixed-use development in Mumbai, reinforcing its market leadership.
The receipt of 'Major' orders, valued between ₹5,000 crore to ₹10,000 crore, will have a substantial positive impact on the company's revenue, future earnings, and market position, especially in the Buildings & Factories sector.
The company has secured 'Major' orders, indicating significant business growth and strengthening its order book. This is a positive development for future revenue and market position.
Larsen & Toubro's Buildings & Factories (B&F) vertical has recently secured 'Major' orders in India, which are classified as projects valued between ₹5,000 crore to ₹10,000 crore. * The business secured an order from a reputed MNC for one of the largest proposed IT Parks in Bengaluru. This project involves the development of 59 lakh sq. feet (5.9 million sq. feet) on a Lumpsum Turnkey basis and will be delivered in two phases. * Key features of the IT Park include A-grade office space development on a warm shell basis, targeting USGBC New Building – Platinum rating for LEED Certification. The construction will involve six towers (Towers 1-6) each with 14 storeys (3 basement floors + ground + 10 floors + terrace). * The scope of work for the IT Park includes civil structure, unitized façade glazing, architectural lighting, finishes, electromechanical services (FPS, electrical, HVAC, PHE, elevators & escalators, ELV systems), a GIS substation, Solar PV system, LPG gas bank, WTP, STP, UG tanks, stack parking, and extensive hardscaping, landscaping, and irrigation. * Additionally, the business secured an order from a reputed developer to construct a mixed-use development project in Mumbai, which is expected to be executed within a timeline of 45 months.
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Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Larsen & Toubro Limited. Read the original for the full detail.