L&T Construction bags order worth Rs 2,903 crore for redevelopment of Mumbai's BDD Chawls

Highlights:

1. L&T Construction has bagged a major design and build order worth Rs 2,903 crore to redevelop Mumbai's century-old BDD Chawls  

2. The BDD Chawls are  one of Mumbai's most enduring features and by winning the mandate to rehabilitate them, we have another huge opportunity to build India's maximum city, says L&T Construction 

 
L&T Construction has announced on Tuesday of bagging a redevelopment contract of Mumbai's BDD Chawls worth Rs 2,903 crore, which is considered to be the largest residential project the company has won till date.

"...L & T Construction has bagged a major design and build order worth Rs 2,903 crore to redevelop Mumbai's century-old BDD Chawls for Maharashtra Housing and Area Development Authority (MHADA)," cited Larsen & Toubro (L&T) in a filing to the BSE.

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"The BDD Chawls are one of Mumbai's most enduring features and by winning the mandate to rehabilitate them, we have another huge opportunity to build India's maximum city," Larsen & Toubro deputy managing director and president S N Subrahmanyan said in a statement. 

"This mandate is also a reaffirmation of our credentials as one of the foremost builders of residential infrastructure in the country and we are confident of delivering a project that meets the requirements of our clients in terms of quality, safety and timely delivery," he added.

The scope of work comprises of complete design and construction of twenty residential towers (3B +G+23F) for rehabilitation, four high-rise towers (3B+ G+ 72F) for sale and one commercial development (3B + G+21F) within a plot area of 16 acres along with MEP, finishes, onsite/offsite infrastructure, landscaping,  demolition of existing structures and logistics involved in the rehabilitation of  the current occupants, L&T Construction said in a statement.

L&T Construction is a brand of Larsen & Toubro (L&T) which is into technology, engineering, construction, manufacturing and financial services. 

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At 11:17 hours, the stock of Larsen & Toubro (L&T) was trading up 0.59% or Rs 9.20 at Rs 1,555 on the BSE. 

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