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Rail Vikas Nigam (RVNL) has received three letters of acceptance from Chennai Metro Rail for various underground stations. The orders are valued at INR 3,058.20 Crore ($412m), and the projects will be completed in a span of up to five years. The share price of the PSU rose over 4% on BSE following the announcement of the orders. Analysts remain bullish on the stock, and the consensus recommendation from one is a strong buy, with an average target price showing an upside potential of 5% from current market prices.
L&T to build Chennai Metro's 12-km underground stretch at Corridor-III in 52 months The tender to construct 12 km twin bored tunnels from Kellys to Taramani Road Junction also involves construction of diaphragm walls of station box and entry and exit structures of various stations. Share Via Email | A+A A- By Express News Service CHENNAI: Tenders are being finalised for the third and fourth corridor of Chennai Metro Rail with Larsen and Toubro planning to complete the 12 km underground stretch from Kellys Station to Taramani Road junction in approximately 52 months. Both the tenders are worth between Rs 2,500 to Rs 5,000 crore, spokesperson said.
L&T Construction bags large contracts including Chennai Metro for its Heavy Civil Infrastructure Business equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
The BSE Sensex bounced back in positive terrain while the NSE Nifty continued to trade with losses in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 17.63 points or 0.04% at 48,708.43. The Nifty 50 index lost 13.75 points or 0.09% at 14,682.75. Asian Paints (up 9.04%), ITC (up 3.99%) and Reliance Industries (up 0.87%) supported the recovery. The broader markets slipped. The S&P BSE Mid-Cap index fell 0.63%. The S&P BSE Small-Cap index skid 0.74%. Sellers outnumbered buyers. On the BSE, 1,323 shares rose and 1,636 shares fell. A total of 171 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 1,260.59 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 704.36 crore in the Indian equity market on 12 May 2021, provisional data showed.
L&T arm bags contracts worth Rs 2,500-5,000 cr for Chennai Metro By IANS | 2 Views
Mumbai, May 14 : The construction arm of Larsen & Toubro has secured orders worth Rs 2,500-5,000 crore from its heavy civil infrastructure business in India. It has secured an order from Chennai Metro Rail Corporation Limited (CMRL) to construct nearly 12 km Twin Bored tunnels from Kellys station to Taramani Road Junction station. It also involves construction of diaphragm walls of station box and entry and exit structures of Chetpet Metro, Royapettah Government Hospital, Thiruvanmiyur Metro Stations and part diaphragm wall of Greenways Road Metro Station, including launching and retrieval shafts in these stations.
The construction arm of Larsen & Toubro (L&T) has secured large orders for its heavy civil infrastructure business in India.The business has secured an order from Chennai Metro Rail Corporation (CMRC) to construct nearly 12 km twin bored tunnels from Kellys station to Taramani Road Junction station. It also involves construction of diaphragm walls of station box and entry/exit structures of Chetpet Metro, Royapettah Govt. Hospital, Thiruvanmiyur Metro Stations and part diaphragm wall of Greenways Road Metro Station, including launching and retrieval shafts in these stations. The business has also secured another order from CMRC to construct approx 8 Km of elevated viaduct with 9 elevated metro stations starting from Power House to Porur Junction including other associated works.
The construction arm of L&T has secured large orders from a prestigious Client for its Heavy Civil Infrastructure business in India. The Business has secured an order from Chennai Metro Rail Corporation (CMRL) to construct nearly Twelve (12) km Twin Bored tunnels from Kellys station to Taramani Road Junction station. It also involves construction of diaphragm walls of station box and entry / exit structures of Chetpet Metro, Royapettah Govt. Hospital, Thiruvanmiyur Metro Stations and part diaphragm wall of Greenways Road Metro Station, including launching and retrieval shafts in these stations. This underground Metro Rail tunnel package is a part of Corridor 3 of CMRL Phase-II Metro Rail Project and is to be constructed in approximately 52 months by using eight tunnel boring machines working simultaneously in various stretches of the project.