L&T’s construction arm bags “significant” contracts
Construction major L&T bagged what it classifies as “significant” contracts in the range of Rs 1,000 crore to Rs 2,500 crore for the construction of metallurgical plants, and power transmission and distribution projects, the company said recently.
L&T's metallurgical and material handling business has received orders to build a metallurgical plant in the domestic market.
Other projects included an overseas package and product supply orders from various customers.
L&T's power transmission and distribution segment also won an engineering, procurement, construction (EPC) and commissioning contract for the construction of a 500kV transmission line in Malaysia. This comes after the company successfully completed a similar 500kV project in West Malaysia.
The proposed overhead line will facilitate power evacuation from an upcoming combined cycle power generating facility in the region, L&T said.
In L&T’s classification, “significant” indicates contracts of value between Rs 1,000 crore and Rs 2,500 crore; “large” Rs 2,500 crore - Rs 5,000 crore; “major” Rs 5,000 crore - Rs 7,000; and “mega” indicates contracts of above Rs 7,000 crore.