L&T to Bag ₹2,400-Cr Apollo Hospitals Project, Expands Healthcare Infra Portfolio

Larsen & Toubro (L&T) Construction’s Buildings & Factories (B&F) division is likely to bag orders of approximately ₹2,400 crore for constructing hospital buildings in India for Apollo Hospitals Enterprise Ltd. The order is a significant step in L&T’s plans to scale up its presence in the rapidly expanding healthcare infrastructure segment.

The draft contracts will be placed before the shareholders for their nod at L&T’s 80th Annual General Meeting on June 17. According to the notice of the AGM, the project duration shall be between 18 months and three years, subject to the location and size of individual hospitals.

The deal with Apollo Hospitals, one of India’s biggest healthcare providers based in Chennai, marks L&T’s increasing emphasis on high-potential businesses and strategic infrastructure development. The scope of work will cover end-to-end services ranging from design to engineering, procurement, construction, and commissioning and installation of medical equipment.

L&T’s B&F vertical, which executes EPC (engineering, procurement, and construction) works for all kinds of commercial, residential, and industrial buildings, has diversified its portfolio in recent years to include specialized healthcare infrastructure. These include turnkey offerings for hospitals that provide for the challenging requirements of contemporary medical care.

The ₹2,400-crore Apollo transaction will further diversify L&T’s revenue streams and increase its reputation as a go-to contractor for healthcare-related mega projects. Industry observers view this as a strategic alignment of the nation’s increasing focus on healthcare accessibility and infrastructure post-pandemic.

With the demand for advanced hospital facilities increasing, L&T’s expertise in delivering high-quality, time-critical projects is well-positioned to lead the development of future healthcare infrastructure projects across the country.

The investment also points to the building behemoth’s broader move into socially relevant and high-growth sectors, underpinning its strategy of sustainable growth in the long term.