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Larsen & Toubro鈥檚 Buildings & Factories (B&F) division is set to enter into contracts worth approximately Rs 24 billion with Apollo Hospitals Enterprise Ltd for the construction of hospital buildings across various locations in India. The proposal will be placed before shareholders at L&T鈥檚 80th Annual General Meeting on 17 June.

The contracts, which are expected to span durations ranging from one and a half to three years depending on individual project requirements, will cater to Apollo鈥檚 specialised infrastructure needs. According to the AGM notice, the initiative aims to not only expand L&T鈥檚 revenue base but also enhance long-term value creation for shareholders.

The B&F vertical of L&T handles engineering, procurement, and construction (EPC) for all types of building and factory structures. In the healthcare segment, it offers comprehensive capabilities, including design, construction, procurement, and commissioning of hospital facilities and medical equipment.

While both L&T and Apollo Hospitals declined to comment beyond the AGM notice, the collaboration marks a significant move in strengthening India's healthcare infrastructure through private sector partnerships.