The transportation foundation business of L&T Construction, the development arm of Larsen and Toubro, has made sure about another uber contract from the National High-Speed Rail Corporation Limited (NHSRCL) to build 87.569 km of the Mumbai-Ahmedabad High Speed Rail (MAHSR) venture, prevalently alluded as the Bullet Train venture, the organization said. L&T groups contracts upwards of ₹7,000 crore in the uber class.
L&T shares were 2% higher at ₹1172.20 in early exchange today. The stock had flooded 6% in the past meeting after the organization’s development and mining hardware business made sure about one of its greatest ever request.
This most recent request to develop the C6 Package of Mumbai-Ahmedabad High Speed Rail (MAHSR) venture goes ahead the impact points of the previous one for the C4 Package of the task, the greatest EPC contract granted in the nation to date, including the development of a 237.1 km stretch, L&T said.
The extent of the MAHSR – C6 bundle incorporates the development of viaducts, one station, significant stream spans, support warehouses, and other helper works. This specific bundle speaks to 17.2% of the all out length, running raised from the edges of Vadodara to the edges of Ahmedabad with one station at Anand/Nadiad.
“This is yet another recognition of our capabilities to construct mega projects to speed and scale and we are grateful to the Government of India, Ministry of Railways, Indian Railway Board and NHSRCL for reposing faith in us to execute another huge package of this prestigious project,” said SN Subrahmanyan, CEO & Managing Director, Larsen & Toubro. “The Bullet Train project is the first sure sign of our economy kick-starting again, certainly a huge shot in the arm for the Indian infrastructure sector and another opportunity to drive the Make in India and Atmanirbhar Bharat Abhiyan.”
The roughly 508 km Mumbai-Ahmedabad High-Speed Rail venture will cover 155.76 km in the Maharashtra, 4.3 km in the Union Territory of Dadra and Nagar Haveli and 348 km in the State of Gujarat with 12 stations along the course.
Upon fruition, the High-Speed Rail will work at a speed of 320 kmph, covering the whole separation in roughly 2 hours with restricted stops and in 3 hours with all stops, L&T said.
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