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Adani Realty wins bid to redevelop 24-acre plot at Bandra Reclamation

Adani Realty has emerged as the highest bidder for the redevelopment of a 24-acre plot in Mumbai, beating Larsen & Toubro. Adani offered a revenue share of 22.7%, compared to L&T's 18%. The final decision will be made by the Maharashtra State Road Development Corporation (MSRDC) board next week. The land parcel has a potential development area of 45 lakh square feet and is valued at around INR30,000 crore ($4.1bn). Adani won a mandate in November 2022 to redevelop Dharavi, Asia's largest slum cluster, with a bid of INR5,069 crore.

Mumbai, India - Feb. 16, 2024: Adani group has won the bid for 24 acre Bandra reclamation plot in Mumbai, India, on Friday, February 16, 2024. (Photo by Satish Bate/ Hindustan Times) (Hindustan Times)
Updated on Feb 17, 2024 07:36 AM IST
By, Mumbai

PWD issues notice to L&T, seeks repair work in Pragati Maidan tunnel project

The Pragati Maidan complex and an integrated transit corridor were developed along with the Bharat Mandapam centre.

The Pragati Maidan tunnel in New Delhi. (HT PHOTO)
Updated on Feb 06, 2024 02:44 PM IST

L&T bags ‘large orders’ for power and distribution projects in Middle East

As per L&T classification, orders ranging between ₹2,500 crore and ₹5,000 crore fall in the category of large orders.

Larsen & Toubro (L&T). (File Photo)
Published on Dec 28, 2023 12:03 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

L&T Q2 results: 44.5% increase in net profit to 3,222.63 crore

Larsen & Toubro reports 44.5% increase in Q2 net profit.

 Larsen & Toubro (L&T)
Published on Oct 31, 2023 07:47 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

BMC and L&T move arbitration over 200 crore dispute on Coastal Road

The civic body has been trying to resolve this for a year, but despite this, it has not impacted the project’s work, claims the official. “We have tried resolving this at consultant level, then a committee was formed at deputy municipal commissioner level, and then a committee was formed by the commissioner comprising of three additional commissioners”

The ambitious coastal road project had said that it is likely to be fully open by May 2024, seven months delayed from its original deadline (HT Archives)
Updated on Oct 05, 2023 08:18 AM IST
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