L&T surges 1.45% after bagging order in range of Rs 2,500 - 5,000 crore

New Order: Shares of Larsen and Toubro Ltd. on February 6 surged 1.45 per cent to hit an intraday high of Rs 3,384.00 after bagging an order within the range of Rs 2,500 crore to Rs 5,000 crore to construct the Palashbari to Sualkuchi Cable Stayed Bridge across the river Brahmaputra in Assam.

The project has been awarded by the Public Works Roads Department (PwRD), Assam to build a 12.21 km long bridge with approaches connecting Palashbari and Sualkuchi.

The bridge will directly connect both the towns. The village of Sualkuchi is one of the world’s largest weaving center’s where traditional Assamese garments are made with indigenous materials like Muga, the golden silk, that is only produced there.

The bridge will also directly connect to the Lokpriya Gopinath Bordoloi International Airport (GAU), Assam. The project will have a 3.6 Km long cable-stayed bridge portion along with a 5.61 km approach on Palashbari side and a 3.0 km approach on Sualkuchi side including wetland approach viaducts.

The maximum span of the extradosed cable stayed portion will be 165 m. The project is scheduled to be completed in 48 months.

L&T is already executing the ‘Dhubri Phulbari Bridge Project’ for National Highway Infrastructure Development Corporation (NHIDCL) apart from several other infrastructure projects in Assam. 

At 11:11 am, the shares of L&T Ltd were trading Rs 1.30 per cent higher at Rs 3,384.00.