Engineering major Larsen & Toubro (L&T) along with its partner, STEC of China has bagged an order worth Rs 5,273 crore from Mumbai Metro Rail Corporation (MMRC).
"MMRC has announced the commencement of the Mumbai Metro Line 3 project to be executed by Heavy Civil Infrastructure Business of L&T Construction, along with its partner, STEC of China, for a value worth Rs 5,273 crore," L&T said in a BSE filing.
The scope of the project includes design and construction of underground stations and associated tunnels for Package 1 and Package 7 in Line 3 of the Mumbai metro project.
The project is scheduled to be completed in 48 months.
"This is a significant win in the heavy civil infrastructure space and we hope this is a sign for many such projects involving vital infrastructure that are in the offing," L&T Deputy Managing Director and President S N Subrahmanyan said.
MMRC, which is implementing the project, received bids from companies including L&T, Alstom, Cobra, Tata Projects, Isolux, Bright Power KEI, Siemens, Leena Powertech Engg, Kanohar Electricals and CHUNG-HSIM Electric & Machinery Mfg Corp.
The project includes underground stations at Cuffe Parade, Vidhan Bhavan, Church Gate, Hutatma Chowk with associated tunnels from Cuffe Parade to CST for Package 1 and underground stations at Marol Naka, MIDC and SEEPZ with associated tunnels from International Airport to SEEPZ for Package 7.
Shares of Larsen & Toubro closed at Rs 1574.65 apiece, up 0.60 per cent, on BSE.