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As On 05-Mar-2021 EOD, Market Closed
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  • L&T bags large contract from Rail Vikas Nigam

    Contract valued in range of Rs 2500 cr to Rs 5000 cr

    The construction arm of Larsen & Toubro has secured a large order for its heavy civil infrastructure business from Rail Vikas Nigam for package 4 of the new board-guage line between Rishikesh and Karanprayag in state of Uttarakhand, India.

    The scope of the project includes construction of Tunnels, Formation, Construction Shaft, and other Ancillary works from Chainage 47+360 to 63+117 Km between Rishikesh and Karanprayag.

    The project involves the construction of 14.577 Km up line and 13.123 Km down line tunnel with embankments of approximately 800 meters at both ends. Out of 14.577 Km and 13.123 Km of tunnel, 10.49 Km and 10.317 Km of tunnel will be excavated using two new hard rock Tunnel Boring Machines (TBMs) of diameter 9.1 meters and the balance using New Austrian Tunnel Method (NATM). The scope also includes construction of an Ellipsoidal cum Ventilation Shaft in the finished cross-section of 79 square meters and depth of 32 meters. This will be the biggest TBM to be deployed in the Himalayan region in India and the TBM bored tunnel length of 20.807 Km will be the longest for any project in the Himalayan region. The entire project is to be completed within a stringent timeline of 60 months.

    L&T is already constructing Package 2 of this prestigious project involving 24 Kms of Tunnelling by the NATM, minor bridges and formation works.

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Flash News 05-Mar-2021
  •  ( 15:55) Shilpa Medicare gets USFDA nod for arthritis drug  
  •  ( 15:54) Sun Pharma subsidiary to acquire 12.5% stake in WRS Bioproducts  
  •  ( 15:54) Indiabulls Housing allots $150 million foreign currency convertible bonds  
  •  ( 15:54) European shares trading lower  
  •  ( 15:53) Asian markts close on a negative note  
  •  ( 15:53) Nifty closes below 15,000 mark  
  •  ( 15:53) Coal India declares second interim dividend  
  •  ( 15:52) Sensex drops 440 pts amid weak global cues, firm crude oil prices  
  •  ( 14:13) BEML appoints Deloitte Haskins & Sells LPP as consultant for demerger of non-core assets  
  •  ( 13:35) The Nifty index holds its 15,000 mark  
  •  ( 13:34) Indices experience intense volatility; metal and bank stocks in demand  
  •  ( 11:34) PVR launches 6-screen property in Forum Centre City Mall, Mysuru  
  •  ( 11:28) Equity indices trade sideways with losses  
  •  ( 10:49) PNB Housing Finance, Yes Bank join hands to offer customized retail loans  
  •  ( 10:10) Heranba Industries lists at Rs 900 per share vs issue price of Rs 627 apiece  
  •  ( 09:52) Dilip Buildcon receives LoA for two Karnataka-based projects  
  •  ( 09:45) BCPL Railway Infrastructure bags a LoA from Railway Vikas Nigam  
  •  ( 09:29) Positive market breadth  
  •  ( 09:25) Nifty drops below 15,000   
  •  ( 09:24) ISGEC Heavy Engg. secures a deal from Shree Cement to set up boilers  
  •  ( 09:22) Wipro acquires London-based Capco for $1.45 billion  
  •  ( 09:19) Market trading lower in early trade  
  •  ( 08:15) OPEC+ extends most oil output cuts into April  
  •  ( 08:09) US stocks drop on Thursday as Powell fails to ease rate fears  
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05 March 2021 00:00
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