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PM Narendra Modi Visits L&T's Riyadh Metro Project site

Posted On: 2016-04-05 12:20:03


Mr. Narendra Modi, the Prime Minister of India, visited L&T's Riyadh Metro Project site on April 02, 2016, as part of his first visit to Saudi Arabia and interacted with L&T's project personnel including blue-collared workmen. "India's workforce will soon meet the world's need for manpower and through their efforts across the globe they are enhancing India's prestige and value in the eyes of the world," he added, praising the efforts of Indians working in various parts of the world.

The Prime Minister was welcomed by our Group Executive Chairman, Mr. A.M. Naik, and Mr. S.N. Subrahmanyan, Deputy Managing Director and President.

The Riyadh Metro has already achieved over 15 million safe man hours without any time lost due to injuries. The PM, in his address, pointed out that such a remarkable achievement was possible not only because of superior technology or better management but due to the diligence and discipline of the workforce.

After his address, the Prime Minister spent a few minutes interacting with the workforce and even shared snacks with them.

"This is a truly remarkable day for the Riyadh Metro Project and we are grateful to the Prime Minister for having spared the time and given due recognition and importance to this huge and iconic project, definitely one of the biggest that we are involved in," said Mr. Naik. "We fully appreciate how crucial this project is to the Kingdom of Saudi Arabia and, more particularly, to the city of Riyadh and we are fully committed to completing and delivering our part of this prestigious project as per the stipulated deadlines maintaining the highest standards of safety and quality," he stated.

"We are truly humbled by the Prime Minister's gesture and all of us, including our 1,000-strong Indian workforce are positively enthused and motivated by his visit," remarked Mr. Subrahmanyan. "We have already established our credentials as India's foremost builder of metro systems by handling a slew of projects and we are now bringing that experience and expertise to give Riyadh a world-class, newage metro system," he added.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1194.95 as compared to the previous close of Rs. 1235.75. The total number of shares traded during the day was 242403 in over 12583 trades.

The stock hit an intraday high of Rs. 1234.95 and intraday low of 1190. The net turnover during the day was Rs. 293345125.


Source: Equity Bulls

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