Larsen & Toubro announced on Thursday the buildings and factories business of L&T Construction has won new housing orders worth Rs 19.81 billion.

A major residential order has been bagged in Bangalore from one of south India's leading property developers which is also the company's biggest residential order in this financial year, the company said. The project is scheduled to complete in 42 months.

Another order has been received from an esteemed customer for construction of residential township in Gujarat.

The project involves turnkey construction of 134 housing units. The construction of 134 housing units. The construction includes civil, structural, MEP, finishes and other associated works.

''One of our key focus areas has been the growing potential in the residential sector and by winning these prestigious orders we have made significant inroads into this space,'' said S. N. Subrahmanyan, member of the board and senior executive vice president.

Shares of the company declined Rs 0.2, or 0.02%, to trade at Rs 1,275. The total volume of shares traded was 37,391 at the BSE (9.56 a.m., Thursday).