L&T Construction wins Rs 2,903-crore job contract from MHADA

March 28, 2017 01:16 pm | Updated 01:17 pm IST - New Delhi,

 

Engineering major Larsen & Toubro on Tuesday said it has bagged a contract worth Rs 2,903 crore from MHADA to re—develop Mumbai’s century-old BDD chawls.

“The Buildings and Factories Business of L&T Construction has bagged a major design and build order worth Rs 2,903 crore to re-develop Mumbai’s century—old BDD chawls for Maharashtra Housing and Area Development Authority (MHADA),” the company said in a regulatory filing.

The scope of work comprises design and construction of 20 residential towers for rehabilitation, four high—rise towers for sale and one commercial development within a plot of 16 acres.

On the order win, Larsen & Toubro Deputy MD and President S N Subrahmanyan said: “The BDD chawls are one of Mumbai’s most enduring features and by winning the mandate to rehabilitate them, we have another huge opportunity to build India’s maximum city.”

The job order also covers onsite and offsite infrastructure, landscaping, demolition of existing structures and logistics involved in rehabilitation of the current occupants, among others.

The stock was trading at Rs 1,554.50, up 0.51 per cent on BSE.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.