Daily Newsletter

16 August 2023

Daily Newsletter

16 August 2023

L&T secures construction orders in India and Bangladesh

Under the Bangladesh contract, L&T's development will be funded by EXIM Bank.

August 14 2023

Multinational conglomerate Larsen & Toubro’s (L&T) Buildings & Factories Business has won construction orders in both India and Bangladesh.

In India, the company has received a contract from the Uttar Pradesh Cricket Association to build a cricket stadium in Varanasi, on a design-and-build, turnkey basis.

The stadium is expected to have a seating capacity of 30,000 people.

The scope of this project work comprises an International Cricket Council-compliant main ground, VIP lounges, corporate boxes, a display scoreboard, office spaces, broadcasting facilities, flood lights, press conference areas, kitchen and dining sections, and a practice ground.

Construction will take place on a land area of approximately 31 acres.

Furthermore, the work covers finishes, allied mechanical, electrical and plumbing engineering services, and exterior development within the site grounds.

Under the second contract, received from the Bangladesh Hi-Tech Park Authority, L&T will build four high-tech IT parks in Bangladesh. EXIM Bank is funding this project.

The project encompasses the construction of seven-storey structural steel buildings with a built-up area of 1.2 million square feet at eight locations, as well as associated civil, facade, and electromechanical works alongside an achieved LEED Gold certification.

The project’s scope also encompasses building management and installing heating, ventilation, and air conditioning systems.

The project will take place in the Bangladeshi districts of Cox’s Bazar, Chattogram, Cumilla, and Sylhet.

AI adoption in the construction industry is gaining traction and will continue to grow over the coming years

The construction industry is at a disadvantage when considering AI adoption as it is a difficult industry to digitalize. The vast and complex data sets needed for building information management (BIM) have been historically difficult to process. However, this is becoming possible due to developments in chips and cloud computing. AI applications in the construction industry can facilitate planning, design, modeling, safety, site monitoring and maintenance, and emissions tracking. The increased interest in generative AI has also been felt in the construction industry.

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