Larsen and Toubro Ltd. on Tuesday, October 27, said its transportation infrastructure business vertical has won "major" design and build orders for two key systems packages of the Dhaka Mass Rapid Transit Development Project in Bangladesh. L&T classifies orders in the ₹5,000 crore to ₹10,000 crore range as "major".
The company said the orders comprise contract package CP09 - Track Works & Electrical Systems and Contract Package CP10 - signaling, telecommunications and platform screen doors . These pertain to the first underground metro project in Bangladesh. Earlier, L&T said it had also won and delivered the integrated railway systems package for Dhaka Metro Line 6, Bangladesh's first metro rail corridor, which is currently under commercial operations.
L&T on Tuesday said that the Dhaka Metro Line 1 project, funded by the Japan International Cooperation Agency , will provide a modern mass transit system spanning around 31 km. It includes the Airport Route from Kamalapur to Airport and the Purbachal Route from Natun Bazar to Purbachal Terminal, with 19 stations and a depot at Pitalganj.
Together, the two packages form the core operational systems of Dhaka Metro Line 1, it added. Under CP09, L&T and its Japanese partner Sumitomo Corporation will undertake the design, procurement, installation, testing and commissioning of the complete track works, power supply and distribution system, traction substations, overhead catenary system and associated electrical facilities across the corridor, the company said in its exchange filing.
Under CP10, L&T said it will execute the signaling, telecommunication and platform screen door for the entire network."With a strong track record of delivering E&M systems for the Dhaka Metro Line 6 with the highest standards of quality and timely execution, and more recently, for the Jakarta Metro, which is under execution, we are well positioned to leverage our expertise in seamlessly integrating multiple systems in close coordination with OEMs and stakeholders," Ramkumar S, senior executive vice-president and head - transportation infrastructure, L&T, said.
On another note, L&T is scheduled to report its second quarter results on Tuesday. The numbers are usually announced after market closing hours. Shares of Larsen & Toubro are trading 0.4% higher after the order win at ₹3,694. The stock is down 11% so far this year.