Larsen & Toubro receives order from DFCCIL

Construction & Engineering major, Larsen & Toubro (L&T) informed the bourses that it has secured an order in the range of Rs 1,000-Rs 2500 crore. Railways Strategic Business Unit of L&T Construction’s Transportation Infrastructure IC in consortium with Kyosan Electric Manufacturing Co Ltd (Japan) has received a significant order in the form of three packages from Dedicated Freight Corridor Corporation of India Limited (DFCCIL). The design and build orders involve 2x25 kv overhead electrification, signalling & telecommunication and associated works in Dadri-Khurja and Sahnewal-Khurja sections of Eastern Dedicated Freight Corridor (EDFC). The works are spread across 442 route kms and 638 track kms.

L&T Construction is already executing the electrification and signalling system work contracts for Mughalsarai to New Sonnagar section and electrification works of Mughalsarai-Bhaupur section of EDFC. With this win, L&T will be electrifying 1,000 out of 1,346 kms of EDFC, where orders have been finalised and the entire 1,465 kms of Western Dedicated Freight Corridor from Dadri to JNPT.

DFCCIL is a special purpose vehicle of Indian Railways, mandated to build dedicated freight corridors.

The stock of L&T in today’s trade was trading in a positive bias. The stock which opened at Rs 842, later surged more than three per cent to touch an intraday high of Rs 868.9 apiece.