L&T secures significant contract valued at ₹1,000-2,500 cr
after close1 source ↓written by the desknot a recommendation
- valued between
- ₹1,000 crore and ₹2,500 crore
Larsen & Toubro's subsidiary, L&T GeoStructure, has secured a significant order from JSW Utkal Steel Ltd for a piling contract at a 10 MTPA Integrated Steel Plant in Paradeep, Odisha. This contract, valued between ₹1,000 crore and ₹2,500 crore, enhances L&T's position in the infrastructure sector and expands its order book across various verticals.
The project includes critical structures such as the Blast Furnace and Hot Strip Mill, requiring extensive piling works. This order win is expected to positively impact L&T's near-term revenue outlook.
Not investment advice. For informational purposes only.