Another milestone

Come rain or shine, Larsen & Toubro led by AM Naik, Chairman and Managing Director continues to make rapid strides into the field of construction and infrastructure. The company recently signed a Rs 2,600 crore concession agreement with the NHAI for four-laning of the 244 km of NH14 between Beawar and Pindwara in Rajasthan. The project will be executed by Larsen and Toubro Infrastructure Development Projects Ltd - a subsidiary of the company. The estimated cost of the project is about Rs 2,600 crore, and it is scheduled to be completed in 30 months. The project will be executed on a BOT-DBFO basis, with a concession period of 23 years. With this project, L&T currently has 16 projects in its BOT roads portfolio, of which seven are in the operational phase, eight in construction phase, and this project is entering the development phase, thus cumulating a length of 6,700 km and a total length of 1,461 km. The total order book size of the company stands at Rs 15,800 crore.