Shares of Larsen and Toubro Ltd (L&T) were trading 0.4% lower that its previous close on 17 December despite the company’s buildings and factories business vertical having recently received several “large” orders in India.

L&T considers orders from Rs 2,500 crore to Rs 5,000 crore as “large” orders.

The vertical received an order from Madhya Pradesh State Tourism Development Corporation to build Advait Lok in Omkareshwar, Khandwa district.

The engineering, procurement, and construction (EPC) order is for the creation of a global museum, which will feature large-scale detailed stone carvings and glass fiber reinforced concrete architectural components. The museum will feature handpicked exhibits to showcase Acharya Shankar’s life and ideas.

The scope of construction includes civil structure and architectural finishes, mechanical, electrical, and plumbing services, external development (including parking facilities), and five-year operation and maintenance. The project has a 36-month timeline.

The structures and factories vertical also obtained an EPC order from the Assam government for the redevelopment of the RG Baruah Sports Complex in Sarusajai, Guwahati. The project calls for the construction of a FIFA-compliant football stadium with a seating capacity of 25,000 people. The project will also include the construction of various sports and recreational facilities.  It will be delivered in 27 months.

The business sector received another order from a well-known developer to build premium high-rise residential buildings in Mumbai. The project consists of three towers with upper levels ranging from 45 to 66 stories, reinforced concrete shell and core constructions, luxury finishes, and extensive MEP services. The towers will reach a maximum height of 230 metres.

At 2:35 pm, the shares of L&T were trading 0.14% lower at Rs 4,057.90 on NSE. 

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