L&T Construction wins Rs 2,903-crore job contract from MHADA

Engineering major Larsen & Toubro on Tuesday said it has bagged a contract worth Rs 2,903 crore from MHADA to re—develop Mumbai’s century-old BDD chawls.

“The Buildings and Factories Business of L&T Construction has bagged a major design and build order worth Rs 2,903 crore to re-develop Mumbai’s century—old BDD chawls for Maharashtra Housing and Area Development Authority (MHADA),” the company said in a regulatory filing.

The scope of work comprises design and construction of 20 residential towers for rehabilitation, four high—rise towers for sale and one commercial development within a plot of 16 acres.

On the order win, Larsen & Toubro Deputy MD and President S N Subrahmanyan said: “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.”