At 9:55 am, the shares of L-T were trading greater by Rs 17 or 1.2 per cent on the BSEL-T shares acquired more than 2 percent in a weak market after the infrastructure major bagged a contract worth Rs 1,390 crore from the National High-Speed Rail Corporation Limited (NHSRCL) for procurement and fabrication of 28 steel bridges for crossing over train lines, rivers, highways, road, and other structures for the Mumbai Ahmedabad high-speed rail passage, as part of the country's first bullet train project.At 9:55 am, the shares of L-T were trading at Rs 1,378.60, higher by Rs 17 or 1.2 per cent, on the BSE.
The shares have actually touched an intra-day high of Rs 1,392.80 and a low of Rs 1,361.15 thus far.NHSRCL, the organisation responsible for carrying out the bullet train task, awarded the contract to Larson and Toubro -IHI Infrastructure Systems (Consortium) on January 25.
The scope of work for the C6 package includes building of viaducts, one station, major river bridges, upkeep depots, and other auxiliary works.
This plan represents 17.2 per cent of the total length, running raised from the outskirts of Vadodara to the borders of Ahmedabad with one station at Anand/ Nadiad.The BSE Sensex was at 47,986.70, lower by 365 points or 0.75 per cent and the NSE Nifty was at 14,124.20, down 114.85 points or 0.84 per cent at the time.
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