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L&T Wins Contract for Agra Metro Line-2, Boosting Urban Transport

16 October 20243 mins read by Angel One
L&T secures Agra Metro Phase 1, Line-2 project, covering 15.09 km, 14 stations, and a depot. The project aims to enhance Agra's urban mobility within 30 months.
L&T Wins Contract for Agra Metro Line-2, Boosting Urban Transport
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On October 16, 2024, Larsen & Toubro’s Heavy Civil Infrastructure division won a contract from the Uttar Pradesh Metro Rail Corporation Ltd (UPMRCL) for the Agra Metro Phase 1, Line-2 project. This metro line will run from Agra Cantonment to Kalindi Vihar.

The project includes designing and building a 15.09 km elevated viaduct, 14 stations, and a 2.61 km depot, connecting Sadar Bazar to the PAC Depot. It also covers architectural finishes for the stations, along with electrical and mechanical works. This metro project is a key step in improving urban transportation in Agra and must be completed within 30 months.

Commenting on the order win, Mr S V Desai, Whole-time Director & Sr Executive Vice President (Infrastructure), L&T, said, “L&T remains at the forefront of urban infrastructure development and contributing to the modernisation of India’s metro networks in line with its strategic goals. This project will leverage L&T’s extensive expertise in engineering and high-quality execution.”

In their recent press release on September 30, 2024, Larsen & Toubro announced that it’s Digital Energy Solutions (DES) division, part of the Power Transmission & Distribution (PT&D) business, was given the task of developing and implementing Energy Management Systems for regional and state load dispatch centres in South India. This project is one of many similar digital, smart energy projects that L&T DES is carrying out worldwide.

About Larsen & Toubro

Larsen & Toubro Ltd is a global conglomerate that mainly offers engineering, procurement, and construction (EPC) services. It operates in key sectors like infrastructure, hydrocarbons, power, process industries, defence, information technology, and financial services, both in India and internationally. L&T has maintained its leadership in key industries for more than 80 years with a strong focus on customer satisfaction and a commitment to high-quality standards.

On October 16, Larsen & Toubro Ltd’s share price opened at ₹opened at ₹3,550.00, touching the day’s high at ₹3,581.90 as of 10:00 AM on NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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