L&T bags new contract from Assam governmentLT - 2064 Change: 1.70 (0.08 %)
L&T Construction has bagged a significant (ranging from Rs 1000-2500 crore) contract from the Assam government. Under this project, the company will construct a new medical college and hospital at Golaghat, Assam. The facility will include a 430- bed teaching hospital, an academic block to cater to an annual intake of 100 numbers, an autopsy block, a private ward, hostel and residential facilities and is expected to be completed in 36 months. The total built up area will be 9.44 lakh square feet.
L&T has won a fourth significant order in two months. In Q1FY23, L&T’s infrastructure business contributed 40% to overall topline and comprises 73% of the order book. L&T has targeted revenues and order inflow CAGR of 15% and 14%, respectively, in FY21-26 with a consolidated RoE of 18% named “Lakshya 2026”.