Jackpot for THIS Indian company, bags MASSIVE construction contract in Oman, secures a repeat order from…, name of the company is…

New Delhi: In a major development, the Buildings & Factories (B&F) business vertical of Larsen & Toubro has secured massive orders in India and Oman. According to the reports, the B&F division of L&T Oman has secured a repeat order from a prestigious client for the construction of a premium office space in Muscat. Reports further add that the project involves constructing three identical towers, each with G+8 floors, built atop a shared two-level basement, and featuring a centrally located landscaped plaza.

L&T has also secured an order from a reputed developer to construct residential towers in Mumbai, Maharashtra. This project comprises construction of RCC shell and core structures for two luxury towers in 1B+1G+5P+59 floors configuration, reaching up to 200 metres height.

Here are some of the key details:

  • The project encompasses the construction of three identical towers of G+8 floors, to be built above a shared two-level basement, along with a central landscaped plaza.
  • The scope includes civil, architectural jobs, MEP, internal finishes for common areas, hardscaping and landscaping.
  • The business has secured orders from the Andhra Pradesh Capital Region Development Authority.
  • Construction of the Integrated Andhra Pradesh State Secretariat & HoD Offices (Towers 3 & 4) on design and construction basis.
  • The project scope involves construction of two towers on basement + ground + 39 floors configuration including an amenities-building
  • Construction of 21 residential towers, with the scope encompassing construction of RCC shell and core
  • The towers will be constructed with architectural finishes, electrical, plumbing and sanitary fixtures, firefighting provisions, lifts, DG sets, HVAC systems, building security systems, internal roads, hardscaping and landscaping.

Subrahmanyan sees remuneration jumps of 50 percent

Chairman and Managing Director of Larsen & Toubro (L&T), S N Subrahmanyan, got a remuneration hike of nearly 50 percent in the financial year 2024–25. According to the company’s latest annual report, Subrahmanyan received a total compensation of Rs 76.25 crore in FY25, up from Rs 51.05 crore in FY24.

S N Subrahmanyan witnessed the salary hike after employee stock options (ESOPs) exercised during the year, valued at Rs 15.88 crore. Notably, no ESOPs were exercised by him in the previous financial year.
Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same period.

All you need to know Larsen and Toubro

  • Larsen & Toubro operates in over 50 countries across the globe.
  • The company is currently engaged in EPC Projects, Hi-Tech Manufacturing and Services.
  • L&T was the first company in India in the engineering and construction space to publicly disclose its sustainability performance.
  • L&T was founded in 1946 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro
  • L&T has been involved in the production of a range of hardware for every project of Indian Space Research Organisation (ISRO), including the Chandrayaan, Gaganyaan, and Mars Orbiter missions.

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