L&T likely to finalize vendors for Metro rail project by Feb-end

Larsen and Toubro (L&T), India’s biggest engineering company is likely to complete the process of inking pact with vendors for the Rs 16,375 crore Hyderabad Metro rail project by the end of February. The entity has placed orders worth Rs 1,700 crore with South Korea’s Hyundai Rotem for rolling stock in September, and with France-based Thales SA to set up signaling, train control and communication systems in November worth Rs 700 crore.

The country’s largest capital goods company is also in the final stage of deciding on the Rs 180-200 crore contract to supply automated fare collection units within a week, followed by escalator and workshop equipment by February.