CURRENT AFFAIRS

Detailed explanation-1: -Hyderabad-based construction firm DEC Infrastructure has emerged as the lowest bidder for the construction of the Executive Enclave that will house the Prime Minister’s Office (PMO), the Cabinet Secretariat, the India House and the National Security Council Secretariat, according to an official document.

Detailed explanation-2: -“CPWD awarded the contract for #construction of Executive Enclave, New Delhi to Larsen and Toubro Ltd., at 10.44 per cent below the estimated cost put to tender, amounting to Rs 1189 crore on November 15, 2022. The construction firm is required to complete the work within 24 months, ” the CPWD tweeted.

Detailed explanation-3: -With over 80 years of a strong, customer focused approach and a continuous quest for world-class quality, L&T has unmatched capabilities across Technology, Engineering, Construction, and Manufacturing, and maintains a leadership in all its major lines of business.

Detailed explanation-4: -Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai.