The buildings & gactories business of L&T Construction has bagged a major design & build order worth Rs 29.03 billion to re-develop Mumbai's century-old BDD Chawls for Maharashtra Housing and Area Development Authority (MHADA). The prestigious contract is the largest residential project awarded to L&T Construction till date.
 
The scope of work comprises complete design and construction of twenty residential towers (3B+G+23F) for rehabilitation, four high-rise towers (3B+G+72F) for sale and one commercial development (3B+G+21F) within a plot area of 16 acres along with MEP, finishes, onsite/offsite infrastructure, landscaping, demolition of existing structures and logistics involved in the rehabilitation of the current occupants.

The project will be constructed using aluminum formwork systems to create a sleek and elegant structure that is both aesthetically appealing as well as structurally sound.

''The BDD Chawls are one of Mumbai's most enduring features and by winning the mandate to rehabilitate them, we have another huge opportunity to build India's maximum city,'' said S.N. Subrahmanyan, Deputy Managing Director & President, Larsen & Toubro. ''This mandate is also a reaffirmation of our credentials as one of the foremost builders of residential infrastructure in the country and we are confident of delivering a project that meets the requirements of our client in terms of quality, safety and timely delivery,'' he asserted.

Shares of the company gained Rs 2.65, or 0.17%, to trade at Rs 1,549.30. The total volume of shares traded was 11,078 at the BSE (10.21 a.m., Tuesday).