It has been decided to expand the metro connectivity in Noida. Larsen & Toubro (L&T), one of the biggest engineering firms in the country, has won a huge project from the Noida Metro Rail Corporation (NMRC). L&T has been awarded a huge contract amounting to between ₹1,000 and ₹2,500 crore for the extension of the Aqua Line.
Under this ambitious project, the Heavy Civil Infrastructure business of L&T would be responsible for constructing an elevated viaduct of 15.1 kilometers from the Vertical Botanical Garden to Noida Sector 142 and from Depot Station to Boraki.
The whole expansion project includes the construction of 10 elevated metro stations that have great architectural design features. The company has been allotted a deadline of 36 months to complete the huge project.
Following this announcement, L&T shares rose by more than 1% on the NSE on Monday, gaining ₹41 by 2 pm At the time of writing, they were trading above ₹4,151. The company's stock has returned 12% in the past month and 5% in six months, while it has returned over 111% in five years.
L&T recently received a major contract from Bangladesh worth ₹5,000 to ₹10,000 crore (approximately $1.5 billion USD). Under this project, the company will build the country's first underground metro line in Dhaka, the capital of Bangladesh.
The Dhaka Metro Line 1 project is being funded by the Japan International Cooperation Agency (JICA-funded projects). The total length of this metro line will be approximately 31 kilometers. It will be a state-of-the-art mass transit system that will completely transform the way people travel in Dhaka.
L&T has received an order to build a new and modern international airport in Tashkent, the capital of Uzbekistan, valued at ₹15,000 crore (approximately $1.5 billion USD). The company has received approval to begin preliminary work on this ultra-mega greenfield project.
In addition, on October 5th, the company received EPC orders from Saudi Arabia and the UAE. The project is valued at ₹10,000 to ₹15,000 crore. The company will be responsible for constructing transmission lines, substations, and cabling.
L&T received two government orders last week. The first was from the Central Public Works Department (CPWD). It will construct Buildings No. 4 and 5 of the Government of India's Common Central Secretariat near Kartavya Path in New Delhi.
The second order was placed by the Andhra Pradesh government. This project involves the construction of two office towers on either side of the Amaravati Quantum Computing Center. The two towers will have a basement, ground floor, and 47 floors, with a total built-up area of 3.75 million square feet.
This is a design-and-build order, with L&T primarily responsible for the shell and core work. The deadline for completion of this project has been set at 30 months. According to the company, the value of each project is between Rs 2,500 crore and Rs 5,000 crore.
