L&T bags Rs5,000 cr order in construction vertical

Mumbai: Engineering and construction major Larsen & Toubro today said it has bagged an order worth Rs5,000 crore for construction related works.
L&T secured the order in the second quarter of this fiscal to build institutional, commercial, residential and factory buildings, a company release said here.
NESCO, Godrej Properties, PBEL Property Development, Om Prakash Jindal and Mahi Cement are firms from whom L&T has bagged the orders.




These orders boost a growth trend that earlier saw the company securing major design and build orders in airports, IT parks and commercial space, the company said.
L&T has been engaged with airport projects in Hyderabad, Bangalore, Delhi and Mumbai.

Simplex Infra bags Rs630cr order in Middle-East

Mumbai: Engineering firm Simplex Infrastructure today said it has bagged a Rs 630-crore order in the Middle East.
In a filing to the Bombay Stock Exchange Simplex said it has bagged the order for construction of a twin-tower complex in Dubai, which would add to its overseas revenue.
“This project would provide impetus to us in further capitalising on the emerging prospects in the national and international markets,” Simplex Infrastructure Director Amitabh Das Mundhra said.





“With the business growing at over 50%, we expect about 25% revenue from overseas operations,“ he added.
Earlier, the company had secured another order worth Rs587 crore for building a residential tower in Dubai, the filing added.
Shares of the company were trading at Rs404.10, down 1.20% in the late afternoon trade on the BSE.