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Larsen & Toubro Ltd Led Joint Venture Secures INR12.52 Billion Worth Delhi Metro Contract


Sunday, 4 Nov 2012 11:53pm EST 

Larsen & Toubro Ltd announced that the infrastructure IC of the Company has bagged a major order worth INR1252 crores (INR12.52 billion) from Delhi Metro Rail Corporation (DMRC). The order will be executed as a joint venture with Shanghai Urban Construction Group (SUGC). The joint venture will design and construct a tunnel between Shankar Vihar and Hauz Khas as well as underground stations at Vasant Vihar, Munirka, R.K. Puram, IIT and Hauz Khas. L&T Constructions' share in the project is INR852 crores (INR8.52 billion). Another recent order includes a INR644 crores (INR6.44 billion) contract secured by the Buildings and factories IC for construction of a permanent campus facility for IIT, Hyderabad. The scope of works include construction of engineering blocks, faculty and staff housing, student hostels, dining halls including ancillary and other associated works. 

Company Quote

1504.1
-20.3 -1.33%
31 Jul 2014