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Construction : Web Exclusive | November 2012 | Source : Construction Update

L&T arm secures Rs 6.4 bn contract

The Buildings & Factories arm of the construction and engineering major Larsen & Toubro secured a Rs 644 crore contract from International Institute of Information Technology (IIIT), Hyderabad.

The order is to construct a permanent campus facility for the institute. The scope of this order includes construction of the engineering blocks, faculty and staff housing, student hostels, dining halls, including ancillary and other associated works.

Meanwhile, its infrastructure arm L&T Construction has bagged an order worth Rs 1,252 crore from the Delhi Metro.

The Delhi Metro order will be executed as a joint venture with Shanghai Urban Construction Group. It will design and construct a tunnel between Shankar Vihar and Hauz Khas in south Delhi as well as underground stations at Vasant Vihar, Munirka, RK Puram, IIT and Hauz Khas, the company said in a statement.

L&T Construction's share in the project is Rs 852 crore, the statement added.

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