L&T Construction wins 'significant' orders to build super-speciality hospital in Hyderabad and office space in Mumbai
Larsen and Toubro on Tuesday, June 18, said L&T Construction's buildings and factories vertical has won multiple orders in India in the 'significant' range.
As per L&T, orders in the ₹1,000 crore to ₹2,500 crore range are classified as 'significant'.
The company in a stock exchange filing said it has secured an order from the Asian Institute of Gastroenterology in Hyderabad to construct a super speciality hospital at Gachibowli. The scope of work includes civil structures, finishes, facade, interiors, MEP services, paramedical and external development jobs, including landscaping. The total built up area of the facility is 1.1 million square feet.
The company has also bagged an order to construct an office space in Mumbai with an approximate built-up area of 13 lakh square feet. The scope of work includes civil and composite steel structure of the office floors. The project is expected to be completed in 20 months.
Last week, L&T said it won a 'large' offshore order from ONGC for its Daman Upside Development Project - Wellhead Platforms & Pipelines (DUDP-WP) off India's West coast.
L&T has classified the order as 'large' which means that the order value ranges between ₹2,500 crore to ₹5,000 crore.
The scope of the work includes engineering, procurement, construction, installation and commissioning of four wellhead platforms, a 140-km pipeline and associated topside modifications at the Tapti Daman block at a western offshore location.
For financial year 2025, L&T expects to win 10% more orders than it did in financial year 2024. It also expects its topline to grow by 15% from the year gone by. However, the company guided for margins to be at 8.25% for financial year 2025. The guidance estimate among analysts ranged from 9% to 9.5% for the year.
L&T shares were trading flat at ₹3,689.35 apiece at 10.15 am on Tuesday, June 18. The stock has gained 55.7% in the past year.