Mumbai : Larsen & Toubro (L&T), the top company in the infrastructure sector, has received a tender of Rs 25,000 crore from the government for the country’s first ‘bullet train project’. The contract is for the design and construction of a 237 km route between Mumbai-Ahmedabad. The total length of the bullet train between Mumbai and Ahmedabad is 508 km.
L&T Chief Executive Officer (CEO) SN Subramaniam said during the announcement of the financial results on Wednesday, “We have won the largest contract till date (Wednesday) from the government. This is an order of Rs 25,000 crore. This is the largest contract for us. Also, it is the largest single order for such a huge amount that the government has given. The project has to be completed in four years under the contract.”
It was also informed by National High Speed Rail Corporation Limited (NHSRCL) that a total of 7 companies were involved in competitive bidding. Larsen and Toubro had the lowest bid. Other companies included Afcons Infrastructure Limited, IRCON International Limited, and a group of JMC Projects India Limited and NCC Limited, Tata Projects Limited and J. Kumar Infra Projects Limited.
On September 24, the National High Speed Rail Corporation opened bids for about Rs 1.08 lakh crore for the Ahmedabad-Mumbai Bullet Rail Project. This includes part of the project falling in Gujarat. Mumbai can be reached from Ahmedabad by bullet train in just two hours.
A 237 km long corridor will be constructed between Vapi and Vadodara. It includes four stations Vapi, Bilimora, Surat and Bharuch and Surat Depo. The total cost on the Mumbai-Ahmedabad Bullet Train Corridor is estimated at 1.08 lakh crore, for which funding is also being done by Japan International Cooperation Agency.