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Larsen & Toubro gets 10.47 billion rupees order
Posted by Yogesh on Tuesday, 8 July, 2008
MUMBAI, July 8 – Indian engineering and construction firm Larsen & Toubro Ltd said on Tuesday it had received an order worth 10.47 billion rupees ($242 million) from the Indian Railways.
The contract, to set up a cast steel wheel manufacturing plant in the eastern state of Bihar, will have a capacity of 100,000 units per annum, it said in a statement.
The project is expected to be completed by L&T’s Railway Business Unit in two years, it said.
Source Reuters
