L&T Secures Major Orders for Building Projects in Mumbai and Hyderabad

The Buildings & Factories (B&F) vertical of Larsen & Toubro (L&T) has secured multiple real estate orders in India. It has secured an order from the Asian Institute of Gastroenterology, Hyderabad for constructing a super-speciality hospital at Gachibowli in the city.  Further, an order has been secured from a prestigious client for the construction of office space in Mumbai. 

Hyderabad Project: Super-Speciality Hospital

One of the key projects awarded to L&T is the construction of a super-speciality hospital for the Asian Institute of Gastroenterology in Gachibowli, Hyderabad. This project includes the development of civil structures, interiors, paramedical and external development jobs, and landscaping. The total built-up area for this project is approximately 11 lakh square feet, highlighting the scale and complexity of the undertaking.

Mumbai Project: Office Space Construction

In addition to the Hyderabad project, L&T has also been commissioned to construct an office space in Mumbai. This project involves the creation of a built-up area of about 13 lakh square feet, featuring civil and composite steel structures for a building with two basements, a ground floor, six podium levels, and 18 office floors. Scheduled for completion in 20 months, this project underscores L&T's expertise in executing fast-track steel structures using advanced composite steel technology.

Financial Implications and Classification

These orders fall under the "significant" category as per L&T's classification, meaning their combined value is estimated to be between ₹1,000 crore and ₹2,500 crore. This classification indicates substantial revenue potential and reflects the trust that clients place in L&T's capabilities.

Recent Major Contract: ONGC's Daman Upside Development Project

These new orders come shortly after L&T secured a major offshore contract from the Oil & Natural Gas Corporation (ONGC) for the Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP). The contract, awarded to L&T Energy's Hydrocarbon vertical, involves engineering, procurement, construction, installation, and commissioning of four wellhead platforms, a 140-kilometer pipeline, and associated topside modifications at the Tapti Daman block off India's west coast. This order is categorized as "large" by L&T, with an estimated value between ₹2,500 crore and ₹5,000 crore.

Strategic Importance and Future Prospects

These recent project wins highlight L&T's strategic focus on expanding its footprint in the infrastructure sector through significant contracts in both the healthcare and commercial real estate segments. The super-speciality hospital project in Hyderabad aligns with India's growing healthcare infrastructure needs, while the office space project in Mumbai caters to the burgeoning demand for premium office spaces in one of the country's most important financial hubs.

These developments underscore L&T's robust order book and its ability to secure large-scale projects across diverse sectors. With these projects, L&T continues to demonstrate its diverse expertise  in the construction industry.

Image source- economictimes.indiatimes.com