Larsen & Toubro Ltd said in a stock exchange filing on 21 October that it had won large orders to build government offices in India, with work in New Delhi and Amaravati. On that date the company's shares rose to a day high of Rs 3,702.60, up about 1 per cent.
The New Delhi contract covers new Central Secretariat offices on Kartavya Path. L&T will put up two government buildings of seven floors each under the plans. The two blocks together account for 32.8 lakh square feet of workspace meant for central government offices.
The Amaravati award is for office towers as well. Those towers will sit beside a quantum computing centre in the Andhra Pradesh capital region.
L&T did not disclose separate contract values for the two locations in the filing. The company files such wins under its "large" orders category. That category covers orders worth between Rs 2,500 crore and Rs 5,000 crore.
Both jobs are office-building work. The Delhi project will house central government offices. The Amaravati towers will add office space next to the quantum computing centre.
The firm announced the orders on 21 October as part of its disclosure on government office construction in India. Trading that day lifted the stock to Rs 3,702.60 as its intraday peak after the filing went out.
L&T's "large" label applies to each win it reports in that band, from Rs 2,500 crore to Rs 5,000 crore, without itemised rupee figures for Kartavya Path or Amaravati in the 21 October document.
Larsen & Toubro shares hit that day high after the company won the large building orders in Delhi and Amaravati, the exchange filing and market data for 21 October show. The first assignment named in the plans is in New Delhi, where L&T will build the Central Secretariat complex on Kartavya Path rather than a non-office facility.
Put simply, both contracts are for government office buildings. Delhi’s buildings will serve as central government offices, while Amaravati’s towers are planned beside the quantum computing centre. L&T said in the 21 October filing that it has won orders to build government offices in India; it did not attach separate rupee totals for each city in that document.
