L&T hits a new high

L&T, which had closed at Rs.1637.65, opened higher and went on to hit a new 52-week high at Rs.1684.80.

The company announced today morning that its construction arm has won a slew of orders in India and abroad for its various businesses.

Buildings a Factories: The Buildings Et Factories business has secured an order to construct Multilevel Parking and Advocates Chamber for The Hon'ble High Court at Allahabad with an approximate built-up area of 20 Lakhs Sq. ft. This project consists of 2,294 Advocate chambers, 2,323 car parking spaces in a multilevel car parking, 1,552 two-wheeler parking spaces with associated utility buildings. The scope of work involves Design, Engineering, Procurement, and Construction of Civil and related MEP works. The project is scheduled to be completed in 27 months.

Power Transmission Et Distribution: This unit has bagged an order for the turnkey construction of a substation in Saudi Arabia. The scope of the Gas Insulated Substation project involving four different voltage levels up to 380kV comprises the associated control, protection, automation, telecommunication systems and civil & electromechanical works.

Smart World & Communication: This unit has bagged yet another Smart City project. The project has been awarded by the Moradabad Smart City Limited to Design, Develop, Implement, and Manage the Operations & Maintenance of a Command-and-Control Centre (CCC), CCTV Surveillance, Smart Traffic Solutions, and to integrate various ICT components with an Integrated Command and Control Center Platform (ICCC) for Moradabad, Uttar Pradesh.

All these orders are classified under “significant” which is valued at Rs.1000 to Rs.2500 crore.