L-;T bags significant contracts for its Heavy Civil Infrastructure business; stock soars 2%

9 Mar 2022 , 03:04 PM

Larsen & Toubro Limited has informed the exchanges of winning a significant order from the prestigious Delhi Metro Rail Corporation Limited (DMRC), to design and construct the Underground Metro Project of Phase· IV of Delhi MRTS. Company’s Heavy Civil Infrastructure business vertical will be carrying on this order.

The company will be doing design and construction work of 5km of Twin Tunnel (Up & Down Line) by Shield Tunnel Boring Machine (TBM), Cut and Cover Tunnel box, Underground Ramp and four Underground stations namely Chhattarpur, IGNOU, Chhattarpur Mandir, and Neb Sarai with associated works of Aerocity to Tughlakabad Corridor of Phase· IV of Delhi MRTS.

This project will be funded by JICA. L&T stated that it takes great pride in its association with the DMRC for this prestigious project.

Recently, L&T has also significantly improved its capability for the faster and more reliable building of transit systems and this project is in line with the company’s strategic goals.

Larsen & Toubro is currently trading at Rs1,692.10 up by Rs33 or 1.99% from its previous closing of Rs1,659.10 on the BSE. It has touched an intraday high and low of Rs1,699.40 and Rs1,650 respectively.