Construction Infrastructure
L&T to showcase capabilities in multiple sectors in Expo 2020, Dubai
Make the sustainability of infrastructure, power and water resources, a key priority for mutual cooperation in the region Larsen & Toubro (L&T) participated in the 2020 Dubai Expo as part of the Indian Pavilion. L&T plans to demonstrate its capabilities, especially in the areas of hydrocarbon engineering (LTHE), wastewater treatment (WET) and power transmission and distribution businesses. In addition to these businesses. L&T group companies such as Mindtree, LTI and LTTS will also demonstrate their capabilities. The Middle East has been one of the company’s main growth regions, accounting for nearly 61% of the 68,773 crore international orders.
This region also accounts for 13% of L&T’s total order composition. In FY21, the order backlog in the Middle East was second only to Indian orders, accounting for 12% of its total revenue. The Middle East business unit for the UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain has established a coveted position in the Gulf Cooperation Council region. SN Subrahmanyan, CEO and General Manager of L&T, said: “The story of L&T has been intertwined with the story of growth in India for more than 8 years. We are very happy to be part of this pavilion where we will show how we through innovation, Technology and commitment to sustainable development create a better tomorrow.”
News Source : Construction week online
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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