Larsen & Toubro (L&T), through its Buildings & Factories (B&F) vertical, has recently secured significant real estate orders across India. These projects highlight L&T’s prowess in executing complex infrastructure developments.
Hyderabad Super-Speciality Hospital Project
L&T has been awarded a crucial contract by the Asian Institute of Gastroenterology in Hyderabad for the construction of a super-speciality hospital at Gachibowli. This expansive project encompasses civil structures, interior works, paramedical facilities, external development jobs, and landscaping. The total built-up area for this undertaking is approximately 11 lakh square feet, emphasizing the scale and technical complexity involved.
Mumbai Office Space Project
Additionally, L&T has secured another prestigious contract in Mumbai for the construction of office space. This project will feature a built-up area of around 13 lakh square feet and includes civil and composite steel structures. The building will consist of two basements, a ground floor, six podium levels, and 18 office floors. Scheduled for completion within 20 months, this project showcases L&T’s capability in executing fast-track steel structures using advanced composite steel technology.
Financial Significance
Both projects fall within the “significant” category in L&T’s classification, indicating a combined value estimated between ₹1,000 crore and ₹2,500 crore. These substantial contracts underscore the confidence clients have in L&T’s capabilities and its strategic focus on expanding its footprint in key infrastructure sectors.
Strategic Importance
These wins come on the heels of L&T securing a major offshore contract from Oil & Natural Gas Corporation (ONGC), highlighting its diverse expertise across healthcare infrastructure and commercial real estate. The Hyderabad hospital project addresses India’s increasing healthcare infrastructure needs, while the Mumbai office space project meets the growing demand for premium office facilities in a major financial center.
L&T’s recent project wins reaffirm its position as a leader in the construction industry, adept at handling large-scale, complex projects across different sectors. These developments bolster L&T’s robust order book and demonstrate its ongoing commitment to driving infrastructure development in India.