L&T secures Rs. 3,036 crore Bengaluru airport order

The buildings and factories business of Larsen and Toubro secured an order of Rs. 3,036 crore from the Bangalore International Airport Limited (BAIL) to build Terminal-2 of the Kempegowda International Airport.

L&T will be engaged in the designing, engineering, procurement construction, testing and commissioning of Terminal-2. Additionally, it will be responsible for the integration of services and utilities along with the airport’s systems, support facilities and buildings.

Upon completion, phase 1 of Terminal-2, which spans 2,55,000 square metres will enhance the capacity of the airport by 25 million passengers per annum.

L&T is already working on a number of projects at the Bengaluru Airport namely construction of the New South Parallel Runway (NSPR), apron and other auxiliary buildings.

On Wednesday, the shares of L&T opened at Rs. 1,247.00 per share, and hit a high and low of Rs. 1,250.00 per share and Rs. 1,227.55 per share, respectively. At 12:26 pm, the stock was trading at Rs. 1,246.85 per share, down 0.05 per cent.