Larsen & Toubro Limited (L&T) has secured two more contracts from Delhi Metro Railway Corporation (DMRC). The contracts involve construction of the underground station at Saket (Delhi) and a tunnel as a part of its Phase II Project. Valued at Rs 203 crore, the new station and tunnel will come up between Central Secretariat and Qutub Minar Corridors of Delhi Metro. To be completed in 30 months, the construction of the Saket station involves 1500 metres of tunneling. The length of the station will be 284 meters.
In addition, the construction involves a 945 meter link tunnel and a 260 meter ramp, both of which to be completed in 24 months. The new orders come close on the heels of the Rs 355 crore Phase II orders secured by the company, in the same corridor during last fiscal. The markets took note of the development and the stock at Rs 2,450 levels surged 0.7 per cent or Rs 18 in noon deals on Monday.
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