L&T's construction arm bags orders worth Rs 3,572 crore

Larsen & Toubro (L&T) on Monday said that its construction arm has won orders worth Rs 3,572 crore across business segments.

"The construction arm of L&T has won orders worth Rs 3,572 crore across various business segments," the engineering and construction major said in a BSE filing.

L&T said transportation and infrastructure business has bagged order an worth Rs 1,358 crore from Bangalore International Airport Ltd.

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Its metallurgical and material handling business received orders worth Rs 1,264 crore in the domestic market.

While the company's power transmission and distribution business and building and factories business won orders worth Rs 595 crore and Rs 355 crore, respectively.

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Shares of the company were trading 0.87 per cent higher at Rs 1,226.90 apiece in the morning trade on BSE today.

Earlier this year, Maharashtra government also signed an MoU worth Rs 949 crore with engineering and construction major Larsen & Toubro (L&T) for setting up CCTV based surveillance in the city.

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As per the MoU signed by the company and Chief Minister Devendra Fadnavis in Mumbai, 6,000 CCTVs will be installed across the metropolis and suburbs by September 2016.

The project was first proposed during the NCP-Congress regime post 26/11 terror attacks on Mumbai and has been delayed since then. It could not move ahead despite calling for bids four times as tenders did not receive response from companies.