L&T Gains Over 3% On Hopes Of Bagging Contract For Bullet Train Project Work

INSUBCONTINENT EXCLUSIVE:
Shares of Larsen - Toubro (L-T): At 10:41 am, the shares were trading up 2.9 per cent, on BSE.The shares of Larsen - Toubro (L-T) gained
more than 3 per cent on the BSE in early trading on reports that the company emerged as the lowest financial bidder for the design and
construction of civil works for 47 per cent of the alignment of the Mumbai-Ahmedabad High-Speed Rail corridor
At 10:41 am, the shares were trading marginally off their intra-day highs at Rs 929.35, up 2.9 per cent, on the BSE.Larsen - Toubro has
emerged as the lowest bidder for the design and construction of 237 km length of viaduct for 508-km Mumbai-Ahmedabad High Speed Rail
India and is being built with the help of Japan.Three bidders involving seven major infrastructural companies had participated in the
bidding process
The other bidders were Afcons Infrastructure IRCON International JMC Projects India Consortium and NCC Tata Project J.Kumar Infra Projects
HSR Consortium,The total viaduct alignment of 508 km spans Vapi (Zaroli Village at Maharashtra-Gujarat Border) to Vadodara in Gujarat and
includes four stations, viz
Vapi, Billimora, Surat and Bharuch and Surat Depot.