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L&T and Sojitz bag Rs.6,700 crore freight corridor contract
Get Latest News on : Indian MarketJune 10, 2013 14:19:23 IST
A consortium of Larsen and Toubro (L&T) and Japan’s Sojitz Corp has bagged an order of Rs.6,699.50 crore from the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), L&T said here Monday.
The contract is to construct 626 kilometres (km) of a double-track corridor from Rewari in Haryana to Iqbalgarh in Gujarat via Rajasthan, across three states. The project is expected to be complete in four years.
In a filing to the Bombay Stock Exchange (BSE), L&T said the order had been secured by the railways strategic business unit of L&T Construction’s Transportation Infrastructure Business.
“The track will be designed for 25 mt axle-load to run double-stack containers dedicated for freight. Around 1.5 lakh mt of rails will be imported from Japan for this project. The scope of work includes construction of 1,400 track km of railway line, 50 major and 1,250 minor bridges, 20 station along with supply of all associated equipment,??? the company said.
The project has been planned to be executed using completely mechanised track-linking using the latest technology in railway construction.
DFCCIL is a special purpose vehicle of the Indian Railways mandated to build dedicated freight corridors. This project will be funded by Japan International Cooperation Agency and is part of the 1,490 km western corridor proposed between Dadri (near Delhi) and Jawaharlal Nehru Port Trust (Mumbai).
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