L&T secures order worth up to ₹10,000 crore for Mumbai housing redevelopment project
Author: CNBC-TV18 Markets·
Key Takeaways
- •Larsen & Toubro won an order worth up to ₹10,000 crore for a Mumbai housing redevelopment project.
- •The contract adds to L&T’s recent string of order wins.
- •Mumbai’s real-estate pipeline is increasingly relying on redevelopment of older housing stock instead of fresh land acquisition.
- •Last week, L&T’s metals and minerals business vertical received mega orders from leading domestic firms.
Larsen & Toubro (L&T) has secured an order worth up to ₹10,000 crore for a Mumbai housing redevelopment project.
The award adds to the company’s recent order wins and comes at a time when large redevelopment projects remain a key part of Mumbai’s urban real-estate pipeline, where older housing stock is increasingly being replaced through structured redevelopment rather than fresh land acquisition.
Last week, L&T’s metals and minerals business vertical won “mega” orders from leading domestic firms. Orders in the ₹10,000 crore to ₹15,000 crore range are classified as “mega” orders.