Stock Report

L&T Construction awarded contracts for its Transportation Infrastructure Business

Posted On : 2022-04-05 15:18:04( TIMEZONE : IST )

L&T Construction awarded contracts for its Transportation Infrastructure Business

The Transportation Infrastructure Business of Larsen & Toubro has secured various orders from prestigious clients.

The Business has secured an order from the Tamil Nadu Road Infrastructure Development Corporation to construct the Chennai Peripheral Ring Road EPC-02 Package of Section-II in the Engineering, Procurement and Construction (EPC) mode. The scope of work broadly includes constructing a six-lane greenfield highway of 12.80 kms with flexible pavement, two lane service roads and paved shoulders on both sides of the carriageway, at-grade Intersections, major / minor bridges, vehicular / light vehicular / small vehicular underpasses, and culverts followed by maintenance for 7 years.

The Railways business unit along with the Substation business unit of the Power Transmission & Distribution Business has won an order from the Uttar Pradesh Metro Rail Corporation (UPMRCL) Ltd.

This Engineering, Procurement & Construction (EPC) order involves Design, Supply, Installation, Testing & Commissioning 750 Volt DC Third Rail Traction System, Receiving Substations including High Voltage Cabling from Grid Substations, 33kV Cable Network, ASS, TSS & SCADA System for Corridors 1 & 2 of the Agra Metro Rail Project at Agra, Uttar Pradesh, India. The 36-month project will be funded by the European Investment Bank (EIB).

L&T is India's leading player in the railway electrification domain possessing expertise across all types of traction systems i.e., 25kV AC flexible & rigid catenary systems, 2x25kV AC Overhead Catenary Systems, DC overhead normal and feeder-messenger type catenary systems, monorail traction systems and now DC third rail traction systems. L&T is already executing the track works for the Agra Metro.

UPMRCL is one of the implementing agencies responsible for carrying out the Metro system works for the major cities of Uttar Pradesh such as Kanpur, Agra, etc.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1825.35 as compared to the previous close of Rs. 1790.40. The total number of shares traded during the day was 153526 in over 10061 trades.

The stock hit an intraday high of Rs. 1829.80 and intraday low of 1778.25. The net turnover during the day was Rs. 278648479.00.

Source : Equity Bulls


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