L&T secures construction projects worth US$330mn

Multinational infrastructure conglomerate, Larsen & Toubro, has successfully secured significant orders worth up to US$330 million from domestic clients, according to a Press Trust of India report citing an official filing from the company

April 17, 2020

These include works under L&T’s Buildings and Factories Business division, serving leading public projects across India

The scope of work covers design, engineering, construction, commissioning, operation, maintenance, as per each project

The contracts come as the Government is allowing select business activities to resume amid the Coronavirus lockdown

India has announced a US$22.5 billion relief package to support the most vulnerable sections of the society in the crisis

Multinational infrastructure conglomerate, Larsen & Toubro (L&T), has secured significant contracts worth up to US$330 million from domestic clients, according to a Press Trust of India report citing an official filing from the company. The new orders confirmed on April 17 pertain to construction projects under L&T’s Buildings and Factories Business division, serving a variety of clients across India. These include a large scale production plant for a cement maker in Madhya Pradesh, a multi-story residential complex in Karnataka, and two government-owned smart data centers in Hyderabad and Chennai.

The scope of work varies for each order but largely touches upon design, engineering, procurement, construction, commissioning, operation, and maintenance.

India has been under lockdown since March 25 to help prevent the spread of the Coronavirus disease. However, certain mainstream business activities will be allowed to resume on April 20 in areas which are not COVID-19 hotspots, provided they take adequate safety measures. These safety measures include companies restricting the workforce to only 40-50% of employees, and other precautions in efforts to support business continuity in the country.

Additionally, the government is taking various measures to ensure that businesses do not suffer the long-term consequences of the pandemic and subsequent lockdown. The Directorate General of Foreign Trade (DGFT) in the Department of Commerce, Ministry of Commerce and Industry, has launched a help desk to assist with any COVID-19 related export and import issue. The government has also announced a US$22.5 billion relief plan to help the most vulnerable sections of the society ride out the crisis. Meanwhile, the newly established Invest India Business Immunity Platform is providing entrepreneurs and businesses with access to the latest developments and information.