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New Delhi, Jul 8 (UNI) Larsen and Toubro Ltd (L&T), country's leading engineering, technology and construction firm, today said it has bagged a Rs 1,047.60 crore order from the Indian Railways for setting up a wheel manufacturing plant in Saran (Chhapra) district of Bihar.

The plant will have the capacity to manufacture 100,000 Cast Steel Railroad wheels per annum, a company statement said.

The new plant will meet the shortage of wheels for rolling stocks of Indian Railways and will reduce dependance on imports.

The scope of work for this turnkey project involves engineering, procurement and construction of the complete plant including civil works, electrical installation, design, supply erection and commissioning of machinery and plant, the statement added.

The project is to be completed within 24 months.

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