 "L&T gains as consortium wins Rs 3,799 crore railway order")
Larsen & Toubro (L&T) has moved higher by 2.6% to Rs 1,474 on the BSE after the company said it has won a major order worth Rs 3,799 crore from the Dedicated Freight Corridor Corporation of India (DFCCIL). This prestigious order has been secured by a consortium of L&T and Sojitz Corp., Japan.
“This design and build integrated package involves the construction of civil (embankment, structure, tunnel), track works, overhead electrification, traction substations and signaling & telecommunication works for double line electrified tracks with 2X25 kv AC, high rise overhead catenary system capable of operating at a maximum train speed of 100 km/h, from Rewari to Dadri (128 km),” L&T said in a press release.
DFCCIL is a special purpose vehicle of Indian Railways, mandated to build dedicated freight corridors. This project is funded by Japan International Cooperation Agency (JICA) and is a part of the western corridor proposed between Dadri (near Delhi) and Jawaharlal Nehru Port Trust (near Mumbai).
Till 02:34 pm, a combined 1.5 million shares changed hands on the counter on the BSE and NSE.
“This design and build integrated package involves the construction of civil (embankment, structure, tunnel), track works, overhead electrification, traction substations and signaling & telecommunication works for double line electrified tracks with 2X25 kv AC, high rise overhead catenary system capable of operating at a maximum train speed of 100 km/h, from Rewari to Dadri (128 km),” L&T said in a press release.
DFCCIL is a special purpose vehicle of Indian Railways, mandated to build dedicated freight corridors. This project is funded by Japan International Cooperation Agency (JICA) and is a part of the western corridor proposed between Dadri (near Delhi) and Jawaharlal Nehru Port Trust (near Mumbai).
Till 02:34 pm, a combined 1.5 million shares changed hands on the counter on the BSE and NSE.