L&T bags two contracts in UP, shares jump 5%

Shares of Larsen and Toubro (L&T) spiked over 5 per cent in Wednesday’s trade after the company was awarded two contracts to build transport corridors in Uttar Pradesh

L&T’s construction arm bagged two contracts to build the Regional Rapid Transit System (RRTS) Infrastructure from National Capital Region Transport Corporation (NCRTC) in Uttar Pradesh.

S V Desai, Senior Vice President and Head -Heavy Civil Infrastructure, L&T Construction said, “We are delighted to have been entrusted with responsibility to develop this unique project, a first-of-its-kind for India which is a reaffirmation of our proven capability to build faster and reliable mass transit systems that are in sync with our strategic goal of aid