Monday 10 November 2008

L&T gets monorail order worth Rs2,460 cr

Engineering company Larsen and Toubro (L&T) on Mondat said it has received an order worth Rs2,460 crore from the Mumbai Metropolitan Regional Development Authority for implementing monorail system in the city.

The company has bagged the order along with Malaysian Scomi Engineering Bhd, L&T said in a filing to the Bombay Stock Exchange.

Monorail is a system where cars move on a single beam in an elevated corridor.
Scomi Engineering is monorail manufacturer, which offers urban transportation solutions by providing the latest monorail electro-mechanical systems and rolling stock, the filing said.

The project involves designing, construction, testing, installation and commissioning. The project is to be completed in a tight schedule of 30 months, it added.

Source: Livemint

Posted by Harsh at 08:41

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.