L&T announced on Monday revealed that it has bagged another construction contract from Rail Vikas Nigam Ltd (RVNL) in Uttarakhand which is worth Rs.5000 crore.
It will be constructing 4 of the new broad-gauge line between Rishikesh and Karanprayag in Uttarakhand and will also be constructing tunnels, formation, construction shaft and other ancillary works.
The exact amount of the project was not disclosed by L&T but as per the project listings and classification, large orders are valued anywhere between 2500 crore to 5000 crore. But the company revealed the expected timeline for completion of the project is set at 60 months.
After the announcement of the yet another heavy project, L&T shares are trading 1.62% lower on BSE Index