L&T Construction bags ₹2,500-cr offshore contract

Larsen Toubro
L&T, through its wholly owned arm L&T Oman, has bagged a contract in Muscat to build a hotel and residences at an investment of about ₹2,500 crore. The company in an official statement said that its buildings and factories business has been awarded the main work contract of The Mandarin Oriental, Muscat by Eagle Hills. L&T will oversee the construction of a 150-key hotel and 156 units of branded residences, 1,622 sqm of retail spaces, podium and basement, and will also undertake associated external works, services, and hard and soft landscaping. In the domestic circle, the company has secured an add-on order to construct a residential tower for a leading developer in Hyderabad.

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