Friday, December 3, 2010

L&T clinches Rs 716-cr UAE contract

L&T clinches Rs 716-cr UAE contract

MUMBAI: Infrastructure major Larsen & Toubro (L&T) has informed the Bombay Stock Exchange that its construction division has bagged Rs 716-crore order from Abu Dhabi for the construction of Sheikh Khalifa Interchange.

The scope of work includes construction of four bridges to be completed in a period of two years, the BSE filing said.

L&T said that the infrastructure operating company has obtained the order from the Department of Transport, Abu Dhabi, after facing stiff international competition. With this order, the company has made a major breakthrough in the international infrastru cture segment.

Meanwhile, the L&T scrip was trading at Rs 2,015, up 0.19 per cent from the previous close on the BSE. — PTI

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