L&T consortium bags Rs 6,699-cr project from DFCC
Engineering major Larsen & Toubro (L&T), along with its Japanese consortium partner Sojitz Corp, has bagged a Rs 6,699.50 crore order from Dedicated Freight Corridor Corporation. The company's construction arm L&T Construction has secured the contract in its railways business, an L&T statement said on Monday.The EPC order involves construction of 626 km of a double track corridor from Rewari in Haryana to Iqbalgarh in Gujarat, via Rajasthan, spanning three states.
This project is a part of the 1,490 km western corridor proposed between Dadri (near Delhi) and Jawaharlal Nehru Port Trust (near Mumbai).
'The project has been planned to be executed using completely mechanised means of track linking using the latest technology in railway construction. This is the country's largest project awarded so far in rail sector and the first of its kind in India,' the release said.
The project is expected to be completed in four years. DFCCIL is a special purpose vehicle of the Indian railways, mandated to build dedicated freight corridors, which will be funded by Japan International Cooperation Agency (JICA).