Page 38 - Megha Engineering News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Andhra Pradesh Chief Minister YS Jagan Reddy recently performed the bhoomi pooja (ground-breaking ceremony) for the Machilipatnam (Bandar) port and

Larsen & Toubro (L&T) disappointed the Street with its results for the January-March quarter of the 2022-23 financial year (Q4FY23) due to weaker core engineering & construction (E&C) segment performance by the engineering giant.' Although core E&C order inflows for FY23 rose 19 per cent year-on-year (YoY), with orders from railways, metals and water sectors, margins in the infrastructure segment crashed to all-time low. Revenue at Rs 58,300 crore was up 10 per cent YoY but somewhat below expectations.

Ladakh gets cut off during winters as snow blocks the roads connecting it with the rest of the country during winters. The Zojila Tunnel is aimed at providing all-weather, all-round connectivity with Ladakh.

MEIL was the lowest bidder at Rs 7,464 crore for ‘Package 1’ which entails designing and construction of 5.75 kilometers from the Borivali side for the twin tunnel project. L&T’s bid for ‘Package 2’ was Rs 6,625 crore but it was rejected as the amount would have been higher to factor in the taxes, officials said.

The infrastructure bellwether’s core engineering and construction (E&C) Ebitda margin for FY23 stood at 8.6%, dipping for the second consecutive year.