L&T bags orders worth $116.2 million

New Delhi, December 31: Leading infrastructure major, Larsen & Toubro Thursday said it has bagged orders worth $116.2 million (Rs.581 crore) from an infrastructure company and another from a Bangalore utility firm.

In a regulatory filing, the company said the orders from the two firms namely Bangalore Water Supply and Sewerage Board (BWSSB) and Powergen Infrastructure will be executed by its construction division, the Metallurgical, Material Handling & Water Operating Company.

The contract from Powergen is to set-up a coal handling plant of Adanu Power in Maharashtra in 30 months period. This greenfield project was secured against international competitive bidding, it said.

For BWSSB it includes fabrication and laying of mild steel pipeline, the company said.

The BWSSB project, according to the company, is being funded by the Japan International Cooperation Agency for transmitting 500 million litres of clean water per day from the River Cauvery for Bangalore city.