The Buildings & Factories (B&F) business of L&T Construction has secured significant contracts from various clients.
As per Larsen & Toubro (L&T)'s classification, the value of the significant project is Rs 1,000 crore to Rs 2,500 crore.
B&F has secured orders from renowned data center service providers to construct data centers of a total capacity of 10.8 megawatt (MW) at Mumbai and Navi Mumbai within stringent timelines.
The scope of the project involves design, build, supply, installation, T&C works for the data center and allied buildings including fit outs. The scope also includes systems such as the heating, ventilation and air conditioning (HVAC), elevators, electrical, fire fighting systems, public health engineering, networking & security systems, building management system. Site development, road, boundary wall, landscaping, etc. will be carried out too. This order marks an important milestone in L&.T's venture to spearhead the design and build of data centers in India, the company stated.
B&F has also secured a repeat order from a client to construct commercial office space of an approximate built-up area of 1 million Sq. ft at Hyderabad.
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Further, the business has secured an order for the engineering, procurement & construction of the 'Statue of Oneness' - The Statue of Adi Shankaracharya at Omkareshwar in district Khandwa, Madhya Pradesh from the Madhya Pradesh State Tourism Development Corporation. The statue will be bronze cladded and will be placed on a lotus petal base made of stone, which will be placed over a RCC pedestal. The sole height of statue from base i.e., from the paduka till the apex will be 108 feet. The project is scheduled to be completed in 15 months.
L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. The EPC major's consolidated net profit rose 10% to Rs 3620.69 crore on 9.9% increase in net sales to Rs 52,850.67 crore in Q4 FY22 over Q4 FY21.
Shares of L&T were down 1.89% to Rs 1,655.55 on the BSE.
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