Larsen & Toubro's (L&T) Buildings & Factories (B&F) division plans to sign contracts with Apollo Hospitals to build hospitals across India, totaling approximately ₹2,400 crore.
The contracts, to be presented to L&T shareholders on June 17th, will span 1.5 to 3 years depending on project needs. The total estimated value is ₹2,400 crore.
This project will broaden L&T's revenue base and create shareholder value. L&T's B&F division has expertise in designing and building hospitals, including medical equipment procurement and installation.
Both L&T and Apollo Hospitals declined to provide further comments beyond the official notice.
The duration of these contracts will range 1.5 years to 3 years depending on the specific project requirements. | Photo Credit: KARUNAKARAN M
The Buildings & Factories (B&F) vertical of Larsen & Toubro (L&T) Construction, proposes to enter into contracts to construct hospital buildings across various locations in India for the Chennai-based Apollo Hospitals Enterprise (Apollo) Ltd. The contracts are cumulatively valued at around ₹2,400 crore.
These proposals will be placed before L&T’s shareholders during the company’s 80th Annual General Meeting to be held on June 17.
The duration of these contracts will range 1.5 years to 3 years depending on the specific project requirements. The monetary value of the transactions is estimated to be ₹2,400 crore, says the AGM notice of L&T.
L&T will cater to the specialised needs of Apollo, and the execution of these projects will broaden the company’s revenue base. This, in turn, will contribute to enhanced shareholder value creation, the notice said.
B&F undertakes Engineering, Procurement and Construction of all types of building and factory structures. In the health segment, it possesses the capability for the design and construction of hospitals including procurement, installation and commissioning of medical equipment, stated the company website.
Both companies declined to comment beyond the notice.
Published on June 11, 2025
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