SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Top Story - L&T beats R-ADAG for Hyderabad metro project

15 Jul 2010 Evaluate

Larsen & Toubro (L&T), the engineering and infrastructure major, has bagged the Hyderabad Metro Rail (HMR) project. The contract involves developing a 71 km metro rail network along the main roads of Hyderabad, with an outlay of Rs 12,132 crore.

 

Though the state government is yet to make a formal announcement on award of the project, L&T officials confirmed that they had given the order for the project. The HMR contract was originally given to Maytas Infra, a company promoted by the family members of the disgraced founder of Satyam B Ramalinga Raju.

 

However, with Raju confessing to an accounting scam in the IT company, Maytas too suffered collateral damage, forcing it to default on various milestones. The state government then cancelled the bid and called for fresh bids.

 

There were eight players vying for the project initially. By the last date for submission of financial bids, only three completed the formalities. Of these, L&T’s bid was the lowest. The primary parameter for selecting the winning bid was the viability gap funding (VGF) sought from the government.

 

For the project, the Centre had allowed Rs 4,853 crore VGF. According to sources, L&T sought Rs 1,450 crore VGF to emerge the winner. A consortium of Transtroy-OJSC Russia was second with VGF of Rs 2,200 crore, and Reliance wanted Rs 2,900 crore.

 

The consortia which were prequalified were L&T, Lanco-OHL Spain, Anil Dhirubhai Ambani Group, Essar-Leighton Australia, Gayatri Constructions, VNR Consortium, GVK-Samsung, GMR, Transstroy, CR 18 of China and BEML Consortium and Soma-Strabag.crackcrack

Larsen & Toubro Share Price

4126.85 31.90 (0.78%)
20-Apr-2026 09:25 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4126.85
Rail Vikas Nigam 301.95
NCC 160.65
KEC International 574.10
Kalpataru Projects 1229.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×