Stock Report

L&T Construction secures order for its Heavy Civil Infrastructure Business

Posted On : 2023-07-21 11:56:45( TIMEZONE : IST )

L&T Construction secures order for its Heavy Civil Infrastructure Business

The National High-Speed Rail Corporation Limited (NHSRCL) has formally awarded the mandate to construct the 135.45 km stretch MAHSR - C3 package which is part of the prestigious Mumbai Ahmedabad High-Speed Rail Project to L&T's Heavy Civil Infrastructure business.

The scope for the MAHSR - C3 package includes the construction of viaducts, stations, major river bridges, depots, tunnels, earth structures, stations, and other auxiliary works.

The approximately 508 km Mumbai-Ahmedabad High-Speed Rail project, also called the MAHSR Bullet Train project, will cover 155.76 kms in the State of Maharashtra, 4.3 kms in the Union Territory of Dadra & Nagar Haveli and 348.04 kms in the State of Gujarat with 12 stations along the route. Upon completion, the High-Speed Rail will operate at a speed of 320 Kmph, covering the entire distance in approximately 2 hours with limited stops and in 3 hours with all stops.

Commenting on the occasion, Mr S V Desai, Whole Time Director & Senior Executive Vice President (Civil Infrastructure) said "This is the second largest package which L&T has won in this prestigious MAHSR project, and we are humbled by the trust reposed in us by our client, NHSRCL. By deploying state-of-the-art construction methods and extensive digital technologies, we will endeavour to complete this project, leveraging the experience from other MAHSR packages that we are currently executing."

With this Package, L&T will be executing 92% of the main line between Shilphata in the state of Maharashtra and Ahmedabad in the state of Gujarat. L&T has significantly enhanced its capability of building faster and reliable mass transit systems and this project is in line with their strategic goals.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 2489.60 as compared to the previous close of Rs. 2494.15. The total number of shares traded during the day was 35080 in over 4380 trades.

The stock hit an intraday high of Rs. 2499.95 and intraday low of 2469.00. The net turnover during the day was Rs. 87143606.00.

Source : Equity Bulls


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