L&T consortium wins MMRDA project; shares surge 6%
A consortium led by Larsen & Toubro with Malaysia's Scomi Engineering Bhd has bagged a Rs 2460 crore order from the Mumbai Metropolitan Region Development Authority to implement the country's first monorail system in Mumbai.
By ET Online |
MUMBAI: A consortium led by Larsen & Toubro with Malaysia's Scomi Engineering Bhd has bagged a Rs 2460 crore order from the Mumbai Metropolitan Region Development Authority to implement the country's first monorail system in Mumbai.
The project involves designing, constructing, installation, testing & commissioning and integrated testing including train trail with initial operation & maintenance from Gadge Maharaj Chowk (Jacob Circle) to Wadala (approx. 11 kms) and Wadala to Chembur via Mahul corridor on a Lump Sum Turnkey basis.
The monorail will have 18 stations enroute. The project is to be completed in a tight schedule of 30 months.
Shares of Larsen & Toubro gained 6.44 per cent to Rs 927 on bagging this order.
The project involves designing, constructing, installation, testing & commissioning and integrated testing including train trail with initial operation & maintenance from Gadge Maharaj Chowk (Jacob Circle) to Wadala (approx. 11 kms) and Wadala to Chembur via Mahul corridor on a Lump Sum Turnkey basis.
The monorail will have 18 stations enroute. The project is to be completed in a tight schedule of 30 months.
Shares of Larsen & Toubro gained 6.44 per cent to Rs 927 on bagging this order.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
