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L&T CONSTRUCTION WON A DEAL WORTH MORE THAN Rs 7,000 Cr FROM NHSRCL

by Koushik Gope
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Larsen & Toubro (L&T) Construction has won a contract worth more than Rs 7,000 crore from the National High-Speed Rail Corporation Limited (NHSRCL) to construct a 135.45 km stretch of the Mumbai Ahmedabad high-speed rail project. The project is expected to be completed in 2026.

The contract, which was awarded on July 19, 2023, is the second largest contract awarded for the Mumbai Ahmedabad high-speed rail project. The first contract, worth Rs 25,000 crore, was awarded to a consortium of Japanese companies led by JICA.

The 135.45 km stretch that L&T Construction will be responsible for constructing is located between Shilphata in Maharashtra and Ahmedabad in Gujarat. The stretch includes viaducts, stations, major river bridges, depots, tunnels, earth structures, stations, and other auxiliary works.

The Mumbai Ahmedabad high-speed rail project is a 508 km high-speed rail line that will connect Mumbai and Ahmedabad. The project is being built at a cost of Rs 1.1 trillion. The project is expected to be completed in 2026.

The award of the contract to L&T Construction is a significant development for the Mumbai Ahmedabad high-speed rail project. L&T Construction is a well-respected construction company with a strong track record. The company has a deep understanding of the Indian construction market, and it is well-positioned to deliver the project on time and within budget.

The award of the contract is also a boost for the Indian construction industry. The project is expected to create thousands of jobs in the construction sector. The project is also expected to boost the Indian economy by generating billions of rupees in revenue.

Here are some additional details about the news:

  • The contract was awarded by the NHSRCL, which is the implementing agency for the Mumbai Ahmedabad high-speed rail project.
  • The contract was awarded through a competitive bidding process.
  • L&T Construction was the lowest bidder for the contract.
  • The contract is expected to be completed in 2026.
  • The project is expected to create thousands of jobs in the construction sector.
  • The project is expected to boost the Indian economy by generating billions of rupees in revenue.

The award of the contract to L&T Construction is a positive development for the Mumbai Ahmedabad high-speed rail project. The company has a strong track record and is well-positioned to deliver the project on time and within budget. The project is also expected to create jobs and boost the Indian economy.

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