Larsen & Toubro (L&T) on Tuesday said its construction wing has bagged a ‘mega order’ to set up an electrification system for the bullet train project in the country.
The order has been bagged from an authorised Japanese agency.
“The railways strategic business group of L&T Construction has bagged a mega contract to build 508 km stretches of high-speed electrification system works for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, commonly referred to as the bullet train project,” the company stated in a BSE filing.
After finishing, this electrification system will power trains to travel at speed of up to 320kmph.
This project is being funded by Japan International Cooperation Agency (JICA) and is being implemented by an authorised Japanese agency working for and on basis of National High Speed Rail Corporation Ltd.
While L&T did not disclose the exact value of the contract, it described an order as ‘mega’ when it is valued between Rs 10,000-15,000 crore.
By PTI
