Companies

L&T bags ₹5,000 crore order from Rail Vikas Nigam in Uttarakhand

PTI New Delhi | Updated on January 18, 2021

The company has secured an order for its heavy civil infrastructure business from Rail Vikas Nigam Ltd for package 4 of the new broad-gauge line between Rishikesh and Karanprayag in Uttarakhand

Larsen & Toubro (L&T) on Monday said its construction arm has bagged an up to ₹5,000 crore contract from Rail Vikas Nigam Ltd (RVNL) in Uttarakhand.

The construction arm of L&T has secured an order for its heavy civil infrastructure business from Rail Vikas Nigam Ltd (RVNL) for package 4 of the new broad-gauge line between Rishikesh and Karanprayag in Uttarakhand, the company said in a regulatory filing.

The company did not provide the exact value of the contract, but as per its project classification, “large” orders are those valued between ₹2,500 and 5,000 crore.

The scope of the project includes construction of tunnels, formation, construction shaft, and other ancillary works between Rishikesh and Karanprayag, the company added.

L&T said the entire project is to be completed within a timeline of 60 months.

Also read: L&T receives multiple orders across its business segments in domestic market

“Establishing a rail link between Rishikesh and Karanprayag will not only facilitate easy access to Uttarakhand’s pilgrimage sites, but also enable development of backward areas, connect new trade centres, and serve the resident population.

“The railway line traverses rugged Himalayan terrains, with the alignment oriented across and sometimes sub parallel to major thrust zones in the Himalayas with complex geological conditions,” SV Desai, Whole Time Director and Senior Executive Vice-President (Civil Infrastructure) L&T said.

Published on January 18, 2021

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