Mumbai, October 3 (Udaipur Kiran News): Shares of Larsen & Toubro (L&T) rose nearly 0.7% on Thursday after the company announced that its Buildings & Factories (B&F) vertical has secured major construction orders in India, including a large IT park project in Bengaluru and a mixed-use development in Mumbai.
The Bengaluru order, awarded by a reputed multinational company, involves developing one of the largest proposed IT Parks with a total built-up area of 5.9 million sq. ft. on a lumpsum turnkey (LSTK) basis. The project will be executed in two phases and will feature Grade-A office spaces built to achieve USGBC Platinum rating under LEED certification for sustainability.
The construction will include six towers (14-storey each) with a common three-floor basement, and the scope of work covers civil structures, façade glazing, lighting, finishes, electromechanical services (FPS, electrical, HVAC, elevators, ELV systems), as well as a GIS substation, solar PV system, water treatment facilities, stack parking, and landscaping.
Additionally, L&T’s B&F business has secured another order from a reputed developer to construct a mixed-use project in Mumbai, which will be completed within 45 months.
At the BSE, L&T’s stock was trading at ₹3,695.00, up ₹24.85 or 0.68% from the previous close of ₹3,670.15. The stock hit an intraday high of ₹3,702.40 and low of ₹3,667.30, with over 49,000 shares traded. The company’s market capitalization stands at ₹5,07,366.95 crore.
Institutional investors hold 63.05% of L&T’s equity, while non-institutional investors hold 36.95%.
Larsen & Toubro is a leading Indian multinational conglomerate engaged in technology, engineering, construction, manufacturing, and financial services.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
