The Business has secured orders from a developer to construct commercial towers at two locations in Mumbai.

The contract includes construction of tallest commercial building in India of 300.05 meter in height which includes four-level basements and 2 towers of 70 floors & 50 floors respectively with combined BUA of 3.4 million square feet (sq ft). The towers are to be done in 40 months.

Further, the contract also entails construction of large commercial building of 5.1 million sq ft which includes four-level basements and 2 towers of 19 floors each with combined BUA of 5.1 million sqft. The towers are to be done in 35 months.

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.

The EPC major's consolidated net profit rose 10.11% to Rs 3,986.78 crore on 10.38% rise in revenue from operations to Rs 58,335.15 crore in Q4 FY23 over Q4 FY22.

The scrip shed 0.04% to currently trade at Rs 2,268.15 on the BSE.