Date:11/01/2008 URL: http://www.thehindubusinessline.com/2008/01/11/stories/2008011150230500.htm

L&T unit bags Rs 3,500-cr orders

Mumbai, Jan. 10

Larsen & Toubro said its construction division has won projects worth Rs 3,500 crore, the bulk of the orders being for office and residential buildings in Mumbai. This business division has already bagged orders worth Rs 12,500 crore in the first nine months of the fiscal, the most prominent of them being the Mumbai International Airport Ltd project. The Mumbai orders for construction of offices and residential buildings cumulatively amount to Rs 2,000 crore, and are f rom Kingston Properties Pvt Ltd, said L&T. The other contracts include a Rs 665-crore contract from Cognizant Technologies for their development centres in Kolkata and Chennai; a Rs 187-crore order from ITC Hotels for a 600-room Chennai project; and a Rs 408-crore contract from ICICI Bank for a 16-floor office building at Hyderabad.

— Our Bureau