L&T bags orders worth Rs. 1,577 cr.

Larsen & Toubro's (L&T) has bagged new orders totalling Rs. 1,577 crore in September 2014, said an exchange filing from the company. Of this, the Buildings & Factories business received an order for Rs. 1,231 crore from a private developer for the construction of two residential towers in Mumbai. The company's Power Transmission & Distribution business has won orders worth Rs. 346 crore. First is a turnkey order from Tamil Nadu Transmission Corporation Ltd. for supply, erection, testing and commissioning of a 400 kV D/C transmission line between Korattur-Thervaikandikai-Manali in Chennai. The next is an engineering, procurement and construction order from a private power venture to establish a 400kV double circuit transmission line in Rajasthan and Madhya Pradesh. Finally, L&T received a contract from Power Grid Corporation of India for executing 400/220 kV GIS substation at Pandiabil in Odisha. The company is also associated with the eastern region transmission system strengthening scheme.