Construction

About- L&T Group

Established in 2011, L&T Realty is the real estate arm of Larsen and Toubro and is one of the top real estate developers in India. With an extensive portfolio spanning 6.50 mn. square metres (i.e. 70 mn sq ft) across Residential, Commercial and Retail developments, the company is currently present in Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad and Chennai. Every real estate property envisioned by L&T Realty serves as a landmark of excellence and provides customer delight at every touch point, through design innovation and operational excellence. Counted among the prominent real estate developers in Mumbai, India, the business has built a reputation of standing by its promises and embracing the power of digitization and new technologies into its core strategy for growth.

The 76-km highway between Palanpur and Swaroopganj on NH 14 across the border districts of Gujarat and Rajasthan forms an important link for the North & East-bound commercial traffic from Kandla and Mundra Ports. The scope of this INR 5.54 billion NHAI project included widening of the existing two-lane corridor to four lanes on BOT (Annuity) basis, construction of two toll plazas and other wayside amenities. L&T Interstate Road Corridor Limited (L&T IRCL) which is a matured road asset and 100% owned subsidiary of L&T IDPL, successfully commissioned the project for commercial operations in March 2009 within the scheduled completion period. NHAI will pay the annuity as equated half-yearly installments, for a period of 15 years, during which time the Company will be responsible for the operations and maintenance of the stretch.

A Consortium led by L&T IDPL was awarded the Visakhapatnam Industrial Water Supply Project (VIWSP), an initiative floated by APIIC during 2002-03.
The water supply project supplies 520 MLD bulk water to a combination of greenfield development regions of SEZ, Pharma City, Gangavaram Port and bulk customers like NTPC Simhadri Power Plant and Visakhapatnam Municipal Corporation.
The project costing INR 4.35 billion commenced full operations from December 25, 2004. L&T IDPL had 45.84% of shareholding in this project which it exited in 2006 by selling it”s stake to the Government of Andhra Pradesh.

L&T IDPL has proven it’s expertise in the airport sector by developing Bangalore International Airport which was one of India’s first green field airports to be developed on the PPP (Public Private Partnership) model.
Bangalore International Airport was a JV of Karnataka State & Industrial Development Corporation (KSIIDC), Airports Authority of India (AAI), Siemens, L&T IDPL and Zurich Airport Switzerland which developed the international airport at Devanahalli, Bangalore on BOOT basis.
L&T IDPL exited the project in 2010.