L&T Construction bags Heavy Civil Infrastructure contract

L&T Construction has been awarded a contract for its Heavy Civil Infrastructure business from Rail Vikas Nigam Limited (RVNL) to construct the Rishikesh - Karanprayag Tunnel 2 package works, which comprise of tunnels, bridges, and formation works in the state of Uttarakhand.

The main works in the project consists of the main tunnel along with other parallel escape tunnel and also a ballast-less track that will run inside the main tunnel. This is a type of fast track project, which is intended to be completed within stringent timelines. The size of this project is from Rs. 1,000 crores to Rs. 2,500 crores.

Larsen & Toubro is a multinational engaged in technology, engineering, construction, manufacturing, and financial services, having around US$21 billion in revenue. It operates in nearly 30 countries worldwide with a strong, customer-focused approach.

On Thursday, the stock of the company closed at Rs. 1,279.20, up by 1.23 per cent or Rs. 15.60 per share. The 52-week high is Rs. 1,606.70 and 52-week low is Rs. 1,202.30 as on BSE.