Larsen and Toubro's subsidiary bags 2,503 crore-worth orders

Construction and engineering major Larsen & Toubro's (L&T) subsidiary Electrical and Gulf Projects Operating Company has bagged orders worth Rs.2,503 crore for transmission, substation and railway construction projects during the third quarter of 2010-11.

"Electrical & Gulf Projects Operating Company (E&GP OC) has secured orders aggregating to Rs.2,503 crore from transmission, substation and railway construction projects in the domestic and international markets during the third quarter of 2010-11," the company said in a regulatory filling.

According to the filling, the company secured orders worth Rs.1,516 crore in the domestic markets, which included projects for laying down of transmission lines, manufacturing of electrical equipment used in energy generation and railway construction activity.

The company's international segment bagged Rs.987 crore in the middle east region for seven substation projects and 153 km of transmission line projects.

The company's shares closed at Rs.1,979.05 at the Bombay Stock Exchange (BSE), 0.35 per cent higher than Thursday.

Environment Ministry's notice shocks Lavasa Corp.

Pune-based Lavasa Corporation , a subsidiary of HCC , today expressed shock over the Environment Ministry .s showcause notice to it for allegedly carrying out construction activities without approval.

"Lavasa Corporation Ltd is shocked at the receipt of a 'stop work' notice from the Ministry of External Affairs on November 26," a spokesperson from the company said in a statement.

Lavasa, engaged in the building and management of a hill-city near Pune, also said it has already responded to issues raised by the Environment Ministry.

"In an earlier communication to the government of Maharashtra, issues raised by the MoEF had already been responded to," the spokesperson said.

The MoEF had on November 25 slapped a showcause notice on Lavasa, a unit of Hindustan Construction Company (HCC), for carrying out construction activities without its approval in 25,000 hectares.

The ministry has given 15 days to the company, asking as to why the unauthorised structures erected by it, without any environmental clearance, between March 2003 and September 2006 in Mulshi and Velhe Talukas in Pune should not be demolished in their entirety.

The constructions, it said, were in violation of the Environment Impact Assessment Notification, 2006.