Shares of Larsen and Toubro Ltd (L&T) were trading flat on 24 December despite the company’s transportation infrastructure business announcing securing an order from the Mumbai metro railway project. 

The company defines projects valued between Rs 1,000 crore and Rs 2,500 crore as “significant” orders.

MMRDA has awarded L&T the Mumbai Metro Package CA-298, which covers the electrification of the 24.72-km Line 4 corridor running from Bhakti Park, Wadala to Cadbury Junction, and includes 22 elevated stations.

Under the contract, L&T will design, manufacture, supply, install, integrate, test, and commission the power supply and traction systems for the entire stretch, along with implementing the SCADA system for Metro Lines 4 and 4A across 32 stations, depots, and the receiving substation.

L&T said its in-house design and execution teams will handle the entire project. The work scope covers electrical and mechanical systems, lifts and escalators for 22 elevated stations and two depots, along with five years of comprehensive maintenance.

This win marks L&T’s third consecutive order on the Mumbai Metro Line 4 and 4A corridor. Earlier, the company secured Package CA-234, which includes rolling stock, CBTC signalling, telecom systems, platform screen doors, and depot machinery for the full corridor. It also won Package CA-168, covering 19.5 km of ballast-less track work across 15 stations.

Separately, L&T’s hydrocarbon business recently bagged an order worth Rs 5,000 crore to Rs 10,000 crore from Bharat Petroleum Corporation Ltd (BPCL). Last week, its buildings and factories vertical also secured projects valued between Rs 2,500 crore and Rs 5,000 crore from the Madhya Pradesh State Tourism Development Corporation.

At 2:49 pm, the shares of Larsen and Toubro were trading 0.064% higher at Rs 4,061.40 on NSE.

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