Larsen & Toubro wins Rs 1,577 cr contracts

New Delhi: Engineering and construction major Larsen & Toubro (L&T) on Monday said it has bagged new orders worth Rs 1,577 crore in September including those for building two residential towers in Mumbai.

"The construction arm of L&T has won new orders worth Rs 1,577 crores across various business segments in September 2014," an official statement said. It said its Buildings & Factories business has bagged a major residential order worth Rs 1,231 crore from a prestigious private developer for the construction of two residential towers. The towers comprise three basements, a ground and a podium each with 53 and 60 floors respectively, it said, adding that company's scope included civil, structural and finishing works.

The company's "Power Transmission & Distribution business has won orders worth Rs 346 crore," the statement said.

A major turnkey order has been received from the Tamil Nadu Transmission Corp Ltd (TANTRANSCO) for the supply, erection, testing and commissioning of a 400 kV D/C transmission line between Korattur-Thervaikandikai-Manali in Chennai, it said.

Another EPC (engineering, procurement and construction) order has been received from a private power venture to establish a 400kV double circuit transmission line in Rajasthan and Madhya Pradesh, it added. The business also bagged a contract from the Power Grid Corporation of India Ltd for executing 400/220 kV GIS Substation at Pandiabil in Odisha and is also associated with the eastern region transmission system strengthening scheme.