New Delhi [India], August 20 (ANI): Larsen & Toubro (L&T) has secured its third consecutive order, valued at as much as Rs 5,000 crore, to design and construct an Automated People Mover system for Phase 1 of Dubai’s Al Maktoum International Airport, in collaboration with Japan’s Mitsubishi Heavy Industries (MHI), the corporate stated in an trade submitting on Thursday.
Developed by Dubai Aviation City Corporation, the venture is being applied by means of Dubai Aviation Engineering Projects and is a vital part of the airport’s long-term enlargement programme.
‘Once absolutely developed, Al Maktoum International Airport will turn into the world’s largest airport, with a capability of 260 million passengers and 12 million tonnes of freight yearly,’ L&T stated.
L&T will undertake design, procurement, supply and integration of important APM infrastructure and techniques, together with guideways, DC traction substations, energy distribution, signalling and telecommunications, onboard communication techniques for autos, platform display screen doorways and depot gear.
Ramkumar S, Executive Vice President & Head – Transportation Infrastructure, L&T, stated, ‘With difficult execution milestones, superior applied sciences and a number of system interfaces together with guideway, energy provide, state-of-the-art telecom, platform display screen doorways and depot gear, this venture exemplifies the size and complexity of built-in APM Rail Systems that L&T is uniquely positioned to ship. With MHI’s confirmed APM Systems and L&T’s intensive built-in techniques expertise supported by world-class Engineering Designs Centre, allows us to execute such tasks with a powerful give attention to security and high quality.’
On Monday, the corporate introduced L&T Energy Hydrocarbon Offshore (LTEH Offshore) secured an ‘Ultra Mega order’ price over Rs.15000 crores from a ‘prestigious shopper’ within the Middle East for the event of a number of offshore services.
Earlier, on August 13, the corporate introduced that it has secured mega orders as a part of a strategic partnership with Together AI to construct NVIDIA B300 AI Factory in India. As per the trade submitting, the order is price as much as Rs 15,000 crore.
‘Vyoma.AI an L&T firm, by means of its AI infrastructure subsidiary LTN Compute, has secured India’s largest single-cluster AI infrastructure — an NVIDIA B300 AI Factory — for a US-based AI cloud innovator,’ the submitting reads.
L&T shares have been buying and selling at Rs 4,079.60 per share, up 38.30 factors or 0.95 per cent on the round 1:07 PM. (ANI)