L&T's Real Estate Portfolio and Recent Developments
Larsen & Toubro (L&T), a prominent engineering and construction company, currently maintains a robust real estate project portfolio valued at approximately $2 billion. These projects are strategically structured through multiple investment mechanisms, including:
- Special Purpose Vehicles (SPVs)
- Joint Ventures
- Direct Contractual Arrangements
Key Project Details
Sources close to the company revealed a significant project in Chandigarh, valued at Rs 2,500 crore. This project underscores L&T's expansive presence in the real estate and infrastructure development sectors.
Recent Order Acquisition
In a parallel development, L&T announced securing a substantial contract worth Rs 1,557 crore from the Andhra Pradesh Power Development Company Limited (APPDCL). This order reinforces the company's strong positioning in infrastructure and power sector projects.
Market Performance
On the morning of 30th June (Monday), L&T's stock demonstrated positive momentum, trading up by 0.5% and reaching Rs 2,277 during early trading sessions. This performance reflects investor confidence in the company's strategic initiatives and diverse project portfolio.