+
L&T to Build Hospitals Worth Rs 24 Billion for Apollo
ECONOMY & POLICY

L&T to Build Hospitals Worth Rs 24 Billion for Apollo

Larsen & Toubro’s Buildings & Factories (B&F) division is set to enter into contracts worth approximately Rs 24 billion with Apollo Hospitals Enterprise Ltd for the construction of hospital buildings across various locations in India. The proposal will be placed before shareholders at L&T’s 80th Annual General Meeting on 17 June.

The contracts, which are expected to span durations ranging from one and a half to three years depending on individual project requirements, will cater to Apollo’s specialised infrastructure needs. According to the AGM notice, the initiative aims to not only expand L&T’s revenue base but also enhance long-term value creation for shareholders.

The B&F vertical of L&T handles engineering, procurement, and construction (EPC) for all types of building and factory structures. In the healthcare segment, it offers comprehensive capabilities, including design, construction, procurement, and commissioning of hospital facilities and medical equipment.

While both L&T and Apollo Hospitals declined to comment beyond the AGM notice, the collaboration marks a significant move in strengthening India's healthcare infrastructure through private sector partnerships.

Larsen & Toubro’s Buildings & Factories (B&F) division is set to enter into contracts worth approximately Rs 24 billion with Apollo Hospitals Enterprise Ltd for the construction of hospital buildings across various locations in India. The proposal will be placed before shareholders at L&T’s 80th Annual General Meeting on 17 June.The contracts, which are expected to span durations ranging from one and a half to three years depending on individual project requirements, will cater to Apollo’s specialised infrastructure needs. According to the AGM notice, the initiative aims to not only expand L&T’s revenue base but also enhance long-term value creation for shareholders.The B&F vertical of L&T handles engineering, procurement, and construction (EPC) for all types of building and factory structures. In the healthcare segment, it offers comprehensive capabilities, including design, construction, procurement, and commissioning of hospital facilities and medical equipment.While both L&T and Apollo Hospitals declined to comment beyond the AGM notice, the collaboration marks a significant move in strengthening India's healthcare infrastructure through private sector partnerships.

Next Story
Infrastructure Transport

TRAI Submits Reconsidered Recommendations on Spectrum for Indian Railways

The Telecom Regulatory Authority of India (TRAI) has submitted its response to the Department of Telecommunications (DoT) regarding the back-reference on TRAI’s recommendations dated 20 December 2024 about the assignment of additional spectrum to Indian Railways for safety and security applications.Earlier, DoT had requested TRAI on 26 July 2023 to examine Indian Railways’ demand for an additional 5 MHz of paired spectrum in the 700 MHz band to be allocated free of cost to enhance its safety and security systems. Following a detailed consultation with stakeholders, TRAI submitted its initi..

Next Story
Infrastructure Urban

India’s Quality Control Orders Expand Rapidly, Says Minister Goyal

Union Minister of Commerce and Industry Shri Piyush Goyal highlighted the substantial growth in India’s Quality Control Orders (QCOs), which have increased from 14 orders covering 106 products in 2014 to 156 covering 672 products over the last decade. Speaking at the 75th anniversary celebration of SGS in India, held in New Delhi, he noted the government’s ongoing efforts to introduce broader horizontal and product-specific standards to ensure that goods and services made in India meet global benchmarks.Reaffirming Prime Minister Narendra Modi’s vision of “Zero Defect, Zero Effect,” ..

Next Story
Infrastructure Energy

INC WMC Meet Charts Greener Mine Closure Path

The Indian National Committee of the World Mining Congress (INC WMC) has wrapped up its international conference on “Sustainable and Responsible Mining through Best Mine Closure Practices” in Hyderabad. The gathering drew policymakers, industry leaders, environmental specialists, academics and other stakeholders from India and abroad to exchange global expertise on responsible mine shutdowns.Union Coal and Mines Minister G. Kishan Reddy, the event’s patron, outlined a vision for a greener, safer mining future and reaffirmed government backing for rigorous environmental standards. Sen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?