In the first quarter of this fiscal, L&T Construction has bagged orders worth Rs 2,410 crore. It has secured orders worth Rs 1,821 crore for construction of residential towers. In the infrastructure segment, it has got orders worth Rs 345 crore for design and construction of viaducts and three elevated stations from the Delhi Metro Rail Corporation. This also includes additional orders from various ongoing projects.
In the water effluent and treatment business, it has orders worth Rs 244 crore from the Bangalore Water Supply & Sewerage Board for upgrading existing water distribution systems.
SN Subrahmanyan, Whole-Time Director and Senior Executive vice-president (Construction), L&T, said the construction orders for buildings were predominantly from Mumbai and Delhi. He said quality and timely delivery were critical in the current economic environment and that could be the reason for developers awarding more contracts to L&T.