L&T Secures Significant Construction Orders for Residential Towers in Mumbai and Bengaluru
Larsen & Toubro (L&T) has received major construction contracts for one housing project in Mumbai and Bengaluru, in addition to one commercial tower project in Hyderabad. These contracts were handed over to L&T's RCF segment where they work on housing and commercial buildings projects.
The residential projects together involve the construction of 18 high-rise towers across the two cities.
In Mumbai, L&T will construct nine residential towers, each comprising a basement and 50 floors. The Bengaluru development also includes nine residential towers, with each building featuring three basement levels and 25 floors.
The projects add to L&T's residential construction portfolio, with the company undertaking high-rise developments in two of India's major urban markets. The specifications indicate substantial vertical construction work, with the Mumbai project involving taller structures and the Bengaluru development incorporating additional basement levels.
Alongside the residential contracts, L&T has secured an order for a premium commercial tower in Hyderabad. The proposed building will comprise five basement levels and 22 floors, adding another major commercial construction project to the company's order book.
The RCF business vertical has also received additional orders for some of its ongoing projects. These add-on contracts expand the latest order wins beyond the three newly announced developments.
The contracts are categorized by L&T into a classification called significant orders, which includes projects costing between ₹1,000 crore and ₹2,500 crore. The company has chosen not to reveal any details regarding each contract value nor has it shared any project-wise figures concerning the total amount of orders received.
L&T's RCF business undertakes engineering, procurement and construction (EPC) work across residential buildings, commercial spaces, semiconductor facilities and industrial facilities. Its portfolio also includes automobile plants, proving grounds and other complex industrial structures.
The latest contracts strengthen the business vertical's presence in residential and commercial construction, with projects spanning Mumbai, Bengaluru and Hyderabad.
