[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
Infrastructure company Larsen & Toubro (L&T) on Friday said its construction arm has
bagged an up to Rs 5,000 crore contract from Chennai Metro Rail Corporation. "The business
has secured an order from Chennai Metro Rail Corporation Ltd (CMRL) to construct nearly
12 km twin bored tunnels from Kellys station to Taramani Road Junction station," the
company said in a regulatory filing.
L&T said the business has also secured another order from Chennai Metro Rail Corporation
to construct approx 8 Km of elevated Viaduct with 9 elevated metro stations starting from
Power House to Porur Junction including other associated works.
The engineering and construction company did not provide the exact value of the contract,
but as per its project classification, "large" orders are those valued between Rs 2,500 crore
and Rs 5,000 crore.
L&T said these projects are the first packages of phase - II which have been awarded by
Chennai Metro Rail.
"Both the projects were bagged under stiff competition from domestic and international
metro construction players," the company added.
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