Larsen & Toubro Secured Orders Worth Rs 15.93 Billion
Founded by two Danish engineers Larsen & Toubro Ltd. has a keen interest in construction, engineering, information technology, financial services and manufacturing goods. It has offices worldwide. The multinational firm has recently been into real estate investing news for bagging huge orders worth Rs 1,593 crore. This is specifically for the Water & Effluent Treatment and Buildings & Factories Business. The EPC order is from the Udaipur Smart City Ltd. for Integrated Infrastructure package of the ABD area in Udaipur City. It is known to be the first of its kind brownfield project for developing smart infrastructure within the premises of the city.
The work includes designing, rehabilitation and upgradation of the 24×7 running water supply arrangement. One similar order has been secured from the Rural Water Supply and Sanitation sector of Odisha to provide water supply to the various inner districts in Odisha like Badampa, Narasingpur, Balikuda, Naugaon blocks of Cuttack, Erasma and Jagatsinghpur districts as well. It also has provisions for Water Treatment Plant, Power Distribution Network, Sewerage Network covering the relaying of roads, underground cables for power & telecom, storm water drains, other allied instrumentation works and utility ducts.
The work for design & construction of Industrial Effluent Pumping Stations, Master Balancing Reservoir – Recycled Water and Pumping Station, Common Effluent Treatment Plant (CETP) in Dholera, Gujarat has been awarded to the Dholera Industrial City Development Limited.
The Buildings & Factories has secured an order of Rs 535 cr from a reputed IT major company for the construction of an IT park in Hyderabad. It will also concentrate on the construction of four office towers that are having connected corridors and a common three-level basement parking. These are to be completed within strict timelines. The work also has scopes for MEP, civil, finishes and external development.
Larsen & Toubro Ltd., more commonly known as L&T, has seen a rise of 4.7% YoY to Rs2.71 lakh cr the order book at the end of the third quarter of the FY18. The infrastructure section saw a growth of 3% YoY to Rs1.99 lakh cr by the end of Q3FY18. L&T is well placed and will definitely benefit from the development in the investment cycle.
The Indian Capital expenditure might pick-up, led by the resolution of bad debt, capacity utilization and recovery of demand. If resources are to be believed then the company is currently trading at Rs1,320.35 from its earlier closing of Rs 1,319.10 on the BSE.
How can Avirahi help?
As you can well understand from the above that Dholera will see much development in the coming time so, it is worthwhile to think over it as your target area to capture more business. If you are planning to expand your business, this area can be a great choice. If you are in search of a proper place Avirahi can help you. These world-class developers are in the process of developing both residential and commercial complexes in Dholera smart city. So, they can help you meet with your desired commercial space armed with state-of-the-art facilities and the best ever position for your business.
- 4 Things You Should Consider When Purchasing an Office Space ,
- Why Investing in Real Estate Is the Best Thing to Do ,
- China Industrial Park Planned in Dholera, Gujarat — A Rs. 10,500 Crore MOU Signed ,
- May 2020 (1)
- April 2020 (1)
- March 2020 (1)
- February 2020 (1)
- January 2020 (2)
- December 2019 (1)
- November 2019 (2)
- October 2019 (1)
- September 2019 (2)
- May 2019 (1)
- February 2019 (3)
- January 2019 (1)
- December 2018 (1)
- November 2018 (1)
- September 2018 (2)
- August 2018 (3)
- July 2018 (1)
- May 2018 (3)
- April 2018 (1)
- March 2018 (1)
- February 2018 (2)
- January 2018 (2)
- December 2017 (2)
- December 2016 (2)
- November 2016 (2)
- October 2016 (2)
- September 2016 (2)
- August 2016 (3)
- June 2016 (3)
- May 2016 (2)
- April 2016 (6)
- Invest Today in Real Estate to Get High Returns In Less Than 2 to 3 Years
- 4 Reasons Why Investing in Real Estate is Best Thing to Do During Coronavirus Lockdown
- Entities in the Tata Group Collaborate to Boost the Electric Vehicle (EV) Ecosystem
- Plot or Flat — Which One Is Better For You?
- 4 Things You Should Consider When Purchasing an Office Space