Friday, May 14, 2010

L&T bags Rs 1,450 cr order from NHAI


Sources:FE:Agencies: Friday, May 14, 2010 at 1031 hrs IST


Mumbai: Engineering major Larsen & Toubro said it has bagged an order worth Rs 1,450 crore from the National Highways Authority of India (NHAI) for a road project in Tamil Nadu.

L&T Krishnagiri Walajahpet Tollway, a special purpose vehicle incorporated by L&T, has signed an agreement with the NHAI for widening of a stretch of Krishnagiri-Walajahpet Highway in Tamil Nadu, Larsen & Toubro said in a filing to the Bombay Stock Exchange.

The scope of the work includes six-laning of the Golden Quadrilateral on build, operate and transfer basis, the filing added.

The project is slated to be completed within 30 months.

Shares of L&T were trading at Rs 1,577 on BSE, up 0.35 per cent from previous close.

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