L&T Construction Bags Rs 1,000 – Rs 2,500 Cr Orders from Indian Railways’ SPV for Electrification

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Conglomerate Larsen & Toubro’s construction arm, L&T Construction, has won significant contracts worth Rs 1,000 crore to Rs 2,500 crore for the electrification works from DFCCIL, a special purpose vehicle (SPV) of Indian Railways.

The company has won this order through its Railways Strategic Business Unit in consortium with Kyosan Electric Manufacturing, a Japanese company producing railway signals, road traffic control systems, and semiconductor products.

Being a SPV of Indian Railways, Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) is mandated to build dedicated freight corridors.

Under the contract, the company has won orders in the form of three packages from DFCCIL.

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Further, the scope of its design and build orders include 2×25 KV overhead electrification, signalling & telecommunication and associated works in the Dadri – Khurja and Sahnewal – Khurja sections of the Eastern Dedicated Freight Corridor (EDFC). These works are spread across 442 Route Kms and 638 Track Kms.

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Besides, the company is already executing the electrification and signalling system works contracts for the Mughalsarai to New Sonnagar section and electrification works of the Mughalsarai – Bhaupur Section of the EDFC.

Through this win, L&T will now be electrifying 1,000 out of 1,346 Kms of the EDFC where orders have been finalized, and the entire 1,465 Kms of the Western Dedicated Freight Corridor from Dadri to JNPT.

With more than USD 21 billion in revenue, L&T is an Indian multinational engaged in the technology, engineering, construction, manufacturing and financial services. The company is having operations in more than 30 countries globally.

In another significant development, Larsen & Toubro has intimated that it has made a timely payment of annual interest for 6.72 percent non-convertible debt securities (NCD) worth Rs 1,000 crore.

Buoyed by the developments, the share of Larsen & Toubro were closed at Rs 850.60 apiece, up 1.18 percent, from the previous close on the exchange.