ET NEWS

Infrastructure major Larsen & Toubro (L&T) on Friday announced that its Buildings & Factories (B&F) vertical has secured significant orders in the domestic market, highlighting the company’s stronghold in large-scale commercial and mixed-use projects.In a regulatory filing, L&T said the B&F vertical has won an order for one of the largest proposed IT parks in Bengaluru, covering a development area of 5.9 million square feet. While the company did not disclose the client, the order is classified as “major,” with a value estimated between Rs 5,000 crore and Rs 10,000 crore.The project will be executed on a lump-sum turnkey basis and delivered in two phases, the filing noted. “The order reinforces L&T's track record and proven expertise in delivering complex and large-scale office space projects with stringent timelines,” it added.In addition to the Bengaluru IT park, L&T has secured an order to construct a mixed-use development project in Mumbai. This project is expected to be completed within a 45-month timeline, further highlighting the company’s capability in handling high-value, multi-faceted construction assignments.L&T’s Buildings & Factories vertical has long been a key contributor to the company’s infrastructure portfolio, with a history of executing technically complex commercial, industrial, and residential projects across India. These latest wins demonstrate continued investor and client confidence in the company’s ability to deliver large-scale developments efficiently and on schedule.The dual orders come at a time when India’s commercial and IT infrastructure sectors are seeing robust demand, driven by expanding office space requirements and the growth of mixed-use urban developments. Analysts say such contracts not only strengthen L&T’s order book but also enhance its visibility in strategic growth corridors like Bengaluru and Mumbai.With inputs from PTI