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By Malvika Gurung
Investing.com — Shares of the infrastructure main Larsen & Toubro (NS:) surged 3.97% to Rs 1,758 apiece at 11 am on Thursday after its development arm L&T Development received a big order from the Delhi Metro Rail Company or DMRC for the design and development of an underground metro undertaking in Delhi.
On Wednesday, the heavy civil infrastructure firm L&T Development bagged a significant order from DMRC to assemble and design the Underground Metro Venture of Part-IV, Delhi MRTS, acknowledged an organization submitting.
The order is valued at Rs 1,000-2,500 crore. The undertaking is funded by the Authorities of Japan owned Japan Worldwide Cooperation Company.
The undertaking is to be accomplished inside 42 months. An summary of the undertaking awarded to L&T Development contains designing and establishing a 5-km lengthy twin tunnel by protect TBM, minimize and canopy tunnel field, underground ramp and 4 underground stations, acknowledged varied studies.
L&T bagged complete orders value Rs 50,359 crore within the quarter ending Dec 2021, which was a decline of 31% on a YoY foundation.
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