Larsen & Toubro – The News Desk

L&T wins Rs 1,040 cr contract for part of Bengaluru suburban rail project

30Dec

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L&T wins Rs 1,040 cr contract for part of Bengaluru suburban rail project

The tender for Corridor-1 and Corridor-3 will also be invited shortly, the officials said. Larsen and Toubro was issued the Letter of Acceptance on Saturday for the design and construction of an elevated viaduct including associated works between Heelalige and Rajanukunte of Corridor-4 of the Bengaluru Suburban Rail project, officials said. The contract price is Rs 1,040.51 crore including GST and the contract period is 30 months. The physical work is expected to commence shortly, they said. In a statement, Karnataka's Rail Infrastructure Development Company (K-RIDE) said, "Larsen and Toubro has been issued the Letter of Acceptance today for the design and construction of elevated viaduct of length 8.960 km and At-Grade of length 37.920 km (excluding station buildings) incl...

Dow gains 500 pts as Oil dips; Fed, BoJ policy in focus

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Shareholder bonhomie at Naik’s last AGM as an era draws to a close

At the annual general meeting (AGM) of Larsen & Toubro (L&T) on Wednesday, shareholders made the usual request to the top management for bonus shares. But this time, the setting was different. The man at the helm, outgoing group chairman AM Naik, 82, was heard assuring shareholders that he would join the chorus soon. There were laughs and chuckles at Naik’s playful remark as he addressed the last AGM, nearly six decades after he joined L&T as a junior engineer and some 25 years at the top. There was another change at this AGM. Naik, who’s often spotted in casuals (read T-shirts) these days, chose a traditional Nehru jacket, teaming it with a red tie for effect. He stopped wearing formal suits years ago, coinciding with the shift in executive powers, accor...