L&T secures Rs 355cr orders for Delhi Metro Phase-II

New Delhi, Jan 24 (UNI) Larsen&Toubro Ltd today bagged three orders worth Rs 355 crore from Delhi Metro Rail Corporation (DMRC) for the second phase of the Delhi Metro project.

''It is a matter of great pride that L&T was associated with DMRC in the successful completion of many of its projects in Phase-I. The recent contracts under Phase-II are an affirmation of our good standing with DMRC,'' Member of the Board and Head (Construction) K V Rangaswami said.

Two of the orders are direct contracts pertaining to construction of underground stations at Udyog Bhavan and Green Park. In addition to these stations, tunnels of nearly one km will be built by the company using cut-and-cover technology.

These orders will be executed by the company's construction division, ECC.

L&T will execute the third order with DYWIDAG, Samsung, Shimizu and IRCON, under a joint venture agreement. Valued at Rs 490 crore, the order involves construction of two underground stations at Hauz Khas and Malviya Nagar. The total length of this tunnel will be 3.10 km and construction will be done by tunnel boring machines.

The company's portion of this order is Rs 127 crore.

All the three contracts will be executed in 38 months.

The company executed an underground Mandi House Station, Yamuna Bridge, elevated rail corridor of 1.65 km between Yamuna Bridge and Tis-Hazari, six underground stations and twin tunnel system, major and minor bridges in Shahdara-Tis Hazari section under Phase-I of the Delhi Metro.

The total value of the orders executed by the company in Phase-I was around Rs 700 crore.

DMRC has taken up implementation of Phase-II with 2010 as completion target in time for the Commonwealth Games to be held here.

UNI