L&T bags Rs 2,000 cr order from Australian firm

MUMBAI: Engineering and construction major Larsen & Toubro on Thursday said it has bagged Rs 2,000 crore order from Australia-based Kingston Properties for construction of offices and residential buildings here.
    
Kingston Properties is a development company based in Newcastle CBD. It undertakes a range of projects that comprise residential, commercial and land development.
    
The project would be completed in a period of four years, L&T said in a filing to the Bombay Stock Exchange.
    
In the last nine months, the construction division of L&T has secured orders worth Rs 12,000 crore including Mumbai International Airport Ltd (MIAL) order, for modernisation of Chhattrapati Shivaji international airport, it said.
    
Shares of L&T were trading at Rs 4,348.25, up 0.43 per cent on the BSE in (Thursday) morning trade.