L&T gets Rs 4,510 cr order from Doha metro project

Tags: Companies
Engineering and construction firm Larsen and Toubro has received a $ 740 million (approx Rs 4,510) order from Qatar Railways Company for the design and construction of the Gold Line of the Doha metro project.

L&T was among the five firms that forged a joint venture to bid for the project. The total order awarded to the JV is valued at $ 3.3 billion, but the share of L&T Construction's Heavy Civil Infrastructure business is valued at $ 740 million, L&T said in a statement.

Two firms from Turkey and one each from Greece and Qatar had formed the joint venture.

"This order, close on the heels of Riyadh Metro order, has been won in the face of stiff global competition and reflects the growing confidence of clients in L&T's capability to handle mega projects in the Middle East," said S N Subrahmanyan, L&T's Senior Executive VP (Infrastructure and Construction).

The Doha metro project is scheduled to be completed in 54 months. The contract includes the design and construction of twin tunnels for a length of 11 km and 9 underground metro stations including architectural finishes and mechanical, electrical and plumbing works," L&T said.

The project is among the main infrastructure projects of national interest as per the Qatar National Vision 2030.

"We are very seriously pursuing our programme of internationalisation and such orders go a long way in opening the doors to new geographies and opportunities," Subrahmanyan said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks might be bracing for intense rate war for retail loans

    While select small banks have been slashing their deposit rates by five to 10 basis points over the past few weeks for short term adjustments to avoid

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

When too little could mean too late

The calamity in Jammu and Kashmir has once again shown ...

Purnendu Ghosh

Why art and science are natural partners

Art is qualitative and is generally associated with emotions. Science ...

Shona Adhikari

A toast to established and emerging talent

This week, our focus is on upcoming exhibitions in the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture