L&T bags Rs 550 cr order from NHAI
The project involves widening of the existing two-lane corridor to four lanes, construction of 6 major bridges, 20 minor bridges.india Updated: Apr 05, 2006 12:17 IST
Leading engineering and construction company Larsen and Toubro today said it has bagged Rs 550 crore road project from the National Highway Authority of India (NHAI).
The project involves constuction of four lanes for the 76 km Palanpur and Swaroopganj stretch located on the East-West corridor on NH-14 which links Gujarat and Rajasthan, the company informed the National Stock Exchange.
As the project is annuity-based, NHAI is scheduled to pay the annuity as equated half-yearly instalments for a period of 15 years and will be executed by L&T's Engineering Construction & Contracts (ECC) division in 30 months, it said.
"This is the 10th build-operate-transfer project secured by L&T, of which five are located on the Golden Quadrilateral, three on North-South, one on the East-West corridor and one on the state Highway. The cumulative value of these projects exceeds Rs 3700 crore," L&T construction Executive Director and head KV Rangaswami said.
The project involves widening of the existing two-lane corridor to four lanes, construction of six major bridges, 20 minor bridges among other things.