L&T gets monorail order worth Rs2,460 cr

L&T gets monorail order worth Rs2,460 cr

Mumbai: Engineering company Larsen and Toubro (L&T) on Mondat said it has received an order worth Rs2,460 crore from the Mumbai Metropolitan Regional Development Authority for implementing monorail system in the city.

The company has bagged the order along with Malaysian Scomi Engineering Bhd, L&T said in a filing to the Bombay Stock Exchange.

Monorail is a system where cars move on a single beam in an elevated corridor.

Scomi Engineering is monorail manufacturer, which offers urban transportation solutions by providing the latest monorail electro-mechanical systems and rolling stock, the filing said.

The project involves designing, construction, testing, installation and commissioning. The project is to be completed in a tight schedule of 30 months, it added.