Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
Larsen & Toubro (L&T) said on Wednesday that its construction department has received orders worth up to 5,000 crore in Bangladesh. The company stated in a regulatory document that Larsen & Toubro’s transmission and distribution business has won a large number of transmission line orders in Bangladesh.
The engineering and construction company did not provide the exact value of the contract, but according to its project classification, “large” orders are orders worth between Rs 2,500 crore and Rs 5,000 crore. The company added that the scope of these packages covers the design, supply, installation, testing and commissioning of ultra-high voltage transmission lines.
“As Bangladesh’s goal this year is to achieve universal power access, the enhancement of power transmission capacity will improve the reliability and efficiency of the country’s power grid and promote the comprehensive development of its capital and economic growth center.
These projects will also provide cross-border power. Trading,” said T Madhava Das, a full-time director and senior executive vice president (utilities) of L&T. The company’s share price rose 1.13% on BSE to 1,385.25 rupees per share.
News Source : Business Standard
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