L&T Bags ‘Large’ Infrastructure Development Project In Maharashtra

Larsen & Toubro has secured a large-scale infrastructure project under the Navi Mumbai Airport Influence Notified Area (NAINA) Project in Maharashtra.

What Happened: On Wednesday, L&T informed the exchanges that the company had been awarded a major project by the City and Industrial Development Corporation Limited (CIDCO). The project involves the construction of 60m & 45m wide roads, various major & minor structures, and allied electrical works.

The project will feature four approach roads of 13.28 km, including three iconic steel bridges over the Kalundre River and the Mumbai-Pune Expressway, minor bridges, underpasses, and approaches to structures. It also includes the construction of utility works and allied electrical works.

The order is categorised ‘large’ by the company which means it could be valued between ₹2,500 crore to ₹5,000 crore.

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This recent win for L&T comes on the heels of a series of project acquisitions. In July 2024, L&T announced another significant win, securing an order to build an automobile manufacturing plant near Bengaluru. The project entailed extensive design, and execution of civil, structural, architectural, and MEPF services, and was to be constructed in compliance with IGBC norms.

In June 2024, the company secured multiple contracts across India for its Buildings & Factories (B&F) business, including a super-speciality hospital in Gachibowli, Hyderabad, commissioned by the Asian Institute of Gastroenterology. The project involved civil structures, interiors, paramedical and external development jobs, and landscaping, with a total built-up area of 11 lakh sq ft.

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