News Orders & Deals L&T Secures Major Contract for Riyadh Metro Extension Project in Saudi ArabiaL&T Secures Major Contract for Riyadh Metro Extension Project in Saudi Arabia
Larsen & Toubro's Heavy Civil Infrastructure business has won a major contract from the Royal Commission of Riyadh City for the Red Line extension of Riyadh Metro. The project, valued between ₹5,000-10,000 crore, involves design and turnkey construction of 8.4 km metro line with both elevated and underground sections plus five stations. The order is part of an ultra-mega project awarded to a consortium including Webuild S.p.A, L&T, Nesma & Partners Contracting, Alstom and IDOM.
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Larsen & Toubro Limited has announced securing a major contract for its Heavy Civil Infrastructure business vertical from the Royal Commission of Riyadh City in Saudi Arabia. The contract pertains to the extension of the Riyadh Metro, marking another significant international project win for the Indian engineering conglomerate.
Project Details and Consortium
The order is part of an ultra-mega project awarded to a consortium comprising Webuild S.p.A, L&T, Nesma & Partners Contracting, Alstom and IDOM. The project specifically involves the extension of the Red Line of Riyadh Metro Network.
| Project Parameter: | Details |
|---|---|
| Metro Line Length: | 8.4 km |
| Construction Type: | Both elevated and underground sections |
| Number of Stations: | Five stations |
| Scope: | Design and turnkey construction |
| Client: | Royal Commission of Riyadh City |
Contract Classification
According to L&T's project classification system, this contract falls under the "Major" category. The company's classification framework provides clear value ranges for different project sizes:
| Classification: | Value Range (₹ Crore) |
|---|---|
| Significant: | 1,000 to 2,500 |
| Large: | 2,500 to 5,000 |
| Major: | 5,000 to 10,000 |
| Mega: | 10,000 to 15,000 |
| Ultra-Mega: | > 15,000 |
Company's Transit Infrastructure Expertise
L&T emphasized its proven capability in constructing fast and reliable mass transit systems across the globe. The company stated that this latest order stands as a testament to the trust customers place in the organization's engineering and construction capabilities.
About Larsen & Toubro
Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. The company has maintained leadership in its major lines of business for over eight decades through a strong, customer-focused approach and constant quest for top-class quality.
Historical Stock Returns for Larsen & Toubro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.16% | -0.43% | -6.26% | +10.20% | +9.73% | +179.00% |
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