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L&T bags govt contracts worth up to Rs 5,000 cr in Delhi, Andhra Pradesh
Engineering and construction major Larsen & Toubro has secured contracts under its Buildings & Factories business, bagging two major government-backed infrastructure projects in New Delhi and Andhra Pradesh, according to a company press statement.
The company has received an engineering, procurement, and construction (EPC) order from the Central Public Works Department to build Common Central Secretariat buildings 6 and 7 in the national capital.
The project entails the construction of two buildings, each comprising one basement, two podiums, an upper ground floor, and six additional floors, the company said.
In a separate order, the conglomerate won a design-and-build contract from the Government of Andhra Pradesh to construct the State Legislative Assembly building.
The project involves the construction of a structure comprising a basement, ground floor, and three additional floors, the company said.
Both projects are expected to be completed within an 18-month timeline.
The orders fall under L&T's 'large' category, which the company defines as having a value between ₹2,500 crore and ₹5,000 crore.
Last week, the company reported a 25 per cent rise in its consolidated net profit for the January–March quarter of 2024–25, at ₹5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to ₹74,392.28 crore.
L&T's board has also recommended a final dividend of ₹34 per equity share.
For the full year ended March 2025, L&T reported a net profit of ₹15,037 crore, up 15.1 per cent Y-o-Y.
As of 31 March 2025, the company's consolidated order book stood at ₹5.79 trillion, up 22 per cent Y-o-Y, with international orders accounting for 46 per cent of the total.
L&T shares were down 0.43 per cent at ₹3,571.25, while the Sensex was down 1.47 per cent at 81,218.45 points at 1.13 pm.
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