L&T Proposes Multi-Hospital Construction Deal Worth ₹2,400 Crore with Apollo.

Larsen & Toubro (L&T) Construction's Buildings & Factories (B&F) vertical is proposing to enter into a series of contracts to construct hospital facilities across India for Chennai-based Apollo Hospitals Enterprise Ltd. The cumulative value of these potential contracts is estimated at ₹2,400 crore.

The proposals are slated to be presented to L&T's shareholders for approval during the company's 80th Annual General Meeting (AGM) scheduled for June 17.

According to L&T's AGM notice, the duration of these construction contracts will vary, ranging from 1.5 years to 3 years, depending on the specific requirements of each project. This significant collaboration, if approved, will further bolster L&T's footprint in the healthcare infrastructure sector and support Apollo Hospitals' expansion plans across the nation.