- 19 Jun 2024
- ICICI Securities
L&T HAS WON 'SIGNIFICANT' ORDERS
LT - 3301 Change: 43.20 (1.33 %)News: L&T has won 'significant' orders in its Buildings and Factories business vertical.The orders have been secured from Asian Institute of Gastroenterology, Hyderabad for constructing a super speciality hospital at Gachibowli in the Hyderabad city. The total built up area is 1.10 million sq. ft. The project comprises construction of civil structures, finishes, façade, interiors, MEP services, paramedical and external development jobs, including landscaping. L&T has also bagged an order from a prestigious client in Mumbai to construct an office space. The project comprises Civil and composite steel structures For 2 basement -1 ground - 6 parking and 18 office floors with a total built up area of 13 lakh sq. ft. The project is scheduled to be completed in 20 months. The project will be developed using composite steel technology.
Views: The order win will help the company to achieve its order inflow target for FY25 and improve its visibility over the next 2-3 years.
Impact: Positive