L&T Wins Rs.1,000-2,500 Cr Residential Projects

06 Mar 2025 CW Team

Larsen & Toubro (L&T) has announced that its Building & Factories (B&F) vertical has secured significant orders from a reputed developer for the construction of residential towers in Mumbai, Bangalore, and Chennai. According to L&T's internal classification, the contract value ranges between Rs 10 billion and Rs 25 billion.

In Mumbai, L&T will construct two ultra-luxury high-rise towers reaching 273 meters, with configurations of 3B+G+7P+51/57 floors. In Bangalore, the company will develop 14 luxury towers on a design-and-build basis, with 3B+G+27/28 floors. Meanwhile, in Chennai, L&T will execute the construction of 25 luxury towers with 2B+G+14 floors, also on a design-and-build basis. All projects will be executed within stringent timelines.

Additionally, L&T has secured several add-on orders for its ongoing projects, further strengthening its portfolio in the real estate sector.

L&T, a leading Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operates in over 50 countries. The company reported a 13.96% YoY increase in consolidated net profit to Rs 33.58 billion in Q3 FY25, while revenue from operations surged 17.31% YoY to Rs 646.67 billion.

Following the announcement, L&T's stock saw a 0.09% increase, closing at Rs 3,280.75 on the BSE.

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