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Larsen & Toubro Wins $1.3 Billion Construction Contract

According to a statement, the Mumbai Trans Harbour Link contract involves construction of a 21.8 km (13.6 mile)bridge connecting Mumbai mainland with Navi Mumbai.

Reuters

Updated:November 23, 2017, 5:28 PM IST
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Larsen & Toubro Wins $1.3 Billion Construction Contract
L&T logo. Representative Image. (Image: REUTERS/Shailesh Andrade)
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New Delhi: Engineering and construction company Larsen & Toubro Ltd has secured a contract to build a $1.3 billion Mumbai Trans Harbour Link, the company said in a statement, in a big boost for the firm.

"The project involves construction of a 21.8 km (13.6 mile)bridge connecting Mumbai mainland with Navi Mumbai," the statement issued late on Saturday said.

Larsen & Toubro earlier this month reported consolidated net profit of 18.2 billion rupees ($279.31 million) in the three months ended Sept. 30, up from 14.35 billion rupees a year earlier.

($1 = 65.0100 Indian rupees)
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