L&T bags contract from Chennai Metro Rail Corporation Limited
Larsen & Toubro Limited, commonly known as L&T, is an Indian multinational technology, engineering, construction, manufacturing and financial services. L&T has bagged the contract from Chennai Metro Rail Corporation Limited(CMRL).
The scope of the project is to construct nearly 12 km Twin Bored tunnels from Kelly’s station to Taramani Road Junction station. according to a press release from L&T,
It also involves the construction of diaphragm walls of station box and entry/exit structures of Chetpet metro, Royapettah government hospital, Thiruvanmiyur metro stations and part diaphragm wall of Greenways road metro station, including launching and retrieval shafts in these stations.
This underground Metro Rail tunnel package is a part of Corridor 3 of CMRL Phase-II Metro Rail Project and is to be constructed in approximately 52 months by using eight tunnel boring machines working simultaneously in various stretches of the project.
The Business has also secured another order from Chennai Metro Rail Corporation Limited (CMRL) to construct approx 8 Km of elevated Viaduct with 9 elevated Metro Stations starting from Power House to Porur Junction including other associated works.
The elevated corridor includes approx. 4 km of double-deck construction in which both the decks are used for
Metro Rail, which will be the first of its kind in India. This elevated Metro Rail package is a part of Corridor 4 of CMRL Phase-II Metro Rail Project and is to be constructed in 36 Months.
These projects are the first packages of Phase – II which have been awarded by Chennai Metro Rail. “Both the projects were bagged under stiff competition from domestic and international metro construction players” The company added.
L&T has posted its performance quarter and year-end results, L&T has grown 11.58% in last quarter from Jan’21 to Mar’21 and offers final dividend of Rs. 18 per share.
Currently, the share value of L&T trading on Rs. 1,415.50 per piece on NSE and BSE.