Business
L&T bags Rs.10.47 bn from Indian Railways
Mumbai | July 08, 2008 4:05:07 PM IST
Construction and engineering major Larsen and Toubro (L&T) has bagged a Rs.10.47-billion order from the Indian Railways to set up a wheel manufacturing plant in Bihar, the company said Tuesday. In a regulatory statement, the company said the plant, with a capacity to manufacture 100,000 wheels annually, will be set up at Saran in Chhapra district in two years. The turnkey project will have no foreign collaboration, the statement added. The contract involves engineering, procurement and construction of the entire plant, apart from electrical installation along with designing, setting up and commissioning of machinery. Last year, L&T launched an autonomous rail business unit to explore opportunities such as dedicated freight corridor, railway station modernisation, rail-based urban mass transportation and other similar projects. The company is also studying various upcoming public-private participation (PPP) railway projects.pra/ank/dg (156 Words)*08071543NNNN (IANS)
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