On Tuesday, Larsen and Toubro (L&T) made headlines by announcing significant wins for its Buildings & Factories (B&F) division. The company has successfully secured major contracts from various government entities in India, marking a substantial step in its ongoing commitment to infrastructure development. One of the standout projects includes an engineering, procurement, and construction (EPC) contract with the Central Public Works Department (CPWD) aimed at developing the Common Central Secretariat buildings in New Delhi.
Major Projects on the Horizon
The New Delhi project entails the construction of two impressive structures featuring one basement, two podiums, an upper ground level, and six additional floors. According to L&T’s regulatory filing, this ambitious undertaking will also involve:
- Civil structure development
- Interior finishes
- Mechanical, Electrical, and Plumbing (MEP) services
- Site external development
- A five-year operation and maintenance plan
In addition to this project, L&T’s B&F vertical has also clinched a design and construction contract from the Government of Andhra Pradesh for the new State Legislative Assembly building. This project includes a configuration of one basement, a ground level, and three floors.
Tight Timelines for Construction
Both projects come with an 18-month completion timeline, reflecting the urgency and importance of these infrastructure initiatives in India.
Understanding Order Values
L&T categorizes its projects based on their value, which is essential for understanding the scale of these contracts. Here’s a quick breakdown:
- Significant orders: ₹1,000 crore to ₹2,500 crore
- Large orders: ₹2,500 crore to ₹5,000 crore
- Major orders: ₹5,000 crore to ₹7,000 crore
- Mega orders: Above ₹7,000 crore
L&T’s Global Presence
As a multinational corporation, L&T is deeply involved in EPC projects, advanced manufacturing, and service provision, operating across more than 50 countries worldwide. This recent success adds to its reputation as a key player in the infrastructure sector.
With these new projects, L&T is poised to make a significant impact on India’s infrastructure landscape, contributing to economic growth and development in the coming years.
