The infrastructure IC of L&T Construction, said today, that it has bagged an order worth Rs 1, 252 crore from the Delhi Metro Rail Corporation (DMRC). The Infrastructure IC undertakes construction of heavy civil projects through four business units. The business units include road and runways, bridge, metros and ports, hydel and nuclear and defence.
In a press release issued to the exchanges, L&T said that the order will be executed as joint venture with Shanghai Urban Construction Group.
This JV will construct and design a tunnel between Shankar Vihar and Hauz Khas as well as underground stations. L&T Construction's share in the project will be Rs 852 crore.
In total, L&T Construction has got orders worth Rs 1, 496 core during the November, the press release stated. Recently it got an order worth Rs 644 crore from Buildings and Factories IC for construction of a permanent campus facility for IIT Hyderabad.
Shares of L&T were trading 0.45 per cent higher at Rs 1,682.45 on BSE on Monday.
