L&T bags Rs 3,115 cr order for construction of Ganga bridge

By: |
New Delhi | Published: January 20, 2016 12:29:59 PM

L&T said the order is for design and construction of greenfield six lane extra-dosed cable bridge over river Ganga near Kachchi Dargah in Patna on NH-30, near Bidupur in district Vaishali on NH-103.

larsen-and-Toubro-Re660L&T said the order is for design and construction of greenfield six lane extra-dosed cable bridge over river Ganga near Kachchi Dargah in Patna on NH-30, near Bidupur in district Vaishali on NH-103. (Photo: Reuters)

Larsen & Toubro (L&T) on Wednesday said its Korean joint venture (JV) firm has bagged Rs 3,115 crore order for construction of a new Ganga bridge in Bihar.

“The heavy civil infrastructure business of L&T construction, along with its JV partner Daewoo E&C of South Korea has won a major order worth Rs 3,115 crore from the Bihar State Road Development Corporation (BSDCL),” the engineering and construction major said in a BSE filing.

L&T said the order is for design and construction of greenfield six lane extra-dosed cable bridge over river Ganga near Kachchi Dargah in Patna on NH-30, near Bidupur in district Vaishali on NH-103.

“This is a significant win in the heavy civil infrastructure space and we hope that this is a sign for many such projects involving vital infrastructure that are in the offing to materialise,” L&T Deputy MD S N Subrahmanyan said.

Shares of the company were trading at Rs 1089.00 apiece, down 3 per cent from their previous close on the BSE.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.