Larsen & Toubro gains 3% on hopes of contract win for bullet train project

L&T has emerged as the lowest bidder in the financial bids for the design and construction of civil works for 47 per cent of the alignment of the Mumbai-Ahmedabad High-Speed Rail corridor

Shares of Larsen & Toubro (L&T) gained 3 per cent at Rs 930 on the BSE on Tuesday on report that the company has emerged as the lowest bidder in the financial bids for the design and construction of civil works for 47 per cent of the alignment of the Mumbai-Ahmedabad High-Speed Rail corridor.

Three bidders, involving seven major infrastructural companies, had participated in competitive bidding. The bidders, other than L&T, were the Afcons Infrastructure-IRCON International-JMC Projects India consortium, and the Tata Projects-NCC-J Kumar Infra Projects-HSR consortium, according to the Business Standard report. CLICK HERE TO READ