Engineering and Infrastructure giant Larsen & Toubro Ltd. (L&T) has won large orders from Brigade Group for the construction of residential and commercial towers in Hyderabad and Chennai. The company’s Buildings & Factories vertical secured the contract, which is reportedly the largest residential project from a private customer.

L&T's Major Construction Projects in Hyderabad

Brigade Group has awarded L&T the contract to build the Brigade Gateway Residences at Neopolis in Kokapet, Hyderabad. This prestigious development will feature two luxury towers and will be among the tallest buildings in Hyderabad.

Additionally, L&T will construct the Brigade World Trade Centre at Kokapet, Hyderabad, a massive commercial tower standing over 200 meters with more than 50 floors. The project will include retail spaces and a five-star hotel named Brigade Neopolis.

Chennai Projects Under L&T's New Order

The contract also covers two major projects in Chennai:

• Brigade Altius, which will comprise three signature towers.

• Brigade Morgan Heights, adding to the city’s skyline with modern architectural designs.

All these projects will be executed on a design-and-build basis, ensuring efficient project delivery and high-quality infrastructure.

L&T's Stock Market Impact Post Order Win

Following the announcement of these major contracts, L&T shares surged 2% to ₹3,418. However, the stock remains 13% below its recent peak of ₹3,964. Investors are optimistic about the company's future growth prospects given the scale of these infrastructure developments.

Significance of These Projects for L&T and Brigade Group

• The Hyderabad projects will further enhance the city’s reputation as a real estate hub, featuring one of the tallest commercial towers.

• The Chennai projects will add to the city’s urban landscape and bolster Brigade Group’s expansion in South India.

• L&T's ability to win large-scale private sector contracts showcases its expertise in executing complex infrastructure projects.

For more updates on L&T’s latest infrastructure developments, real estate projects, and share market movements, explore:

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