L&T’s arm bags order worth $740 million from Qatar Railways

25 Apr 2014

The Heavy Civil Infrastructure Business of L&T Construction, subsidiary of Larsen and Toubro (L&T) has secured an order worth $740 million from Qatar Railways Company. The order is for the design and construction of the Gold Line of the Doha Metro project in Qatar. The contract was signed in the presence of Eng Saad AL Muhannadi, CEO of Qatar Railways Company.

L&T secured the order along with its joint venture partners Aktor - Greece, Yapi Merkezi Insaat - Turkey, STFA Group - Turkey and Al Jaber Engineering - Qatar. The total value of order for the joint venture is $3.3 billion.

The project is scheduled to be completed in 54 months. The contract includes the design and construction of twin tunnels for an approximate length of 11 Km and nine underground metro stations including architectural finishes and mechanical, electrical and plumbing works. This Metro project is among the key infrastructure projects of national interest as per the Qatar National Vision 2030.

 

Related Larsen & Toubro Ltd. Links:

Larsen & Toubro Share Price

1276.90 -13.40 (-1.04%) Dec 09, 18:01
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1276.90
NCC 51.90
KEC International 268.90
Rail Vikas Nigam 23.60
Sterling and Wilson 287.45
View more..
Sensex vs Larsen & Toubro
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463