L&T construction arm is lowest bidder for Uttarakhand railway project.

After Larsen & Toubro’s (L&T’s) engineering business snapped up orders worth Rs. 10,000 crore from Hindustan Petroleum joint venture, its construction arm has now emerged the lowest bidder for tunnelling work on the ongoing 125-km-long Rishikesh-Karnaprayag railway line in Uttarakhand.

The order, worth Rs. 3,338 crore, is a contract from Rail Vikas Nigam (RVNL), whose financial bids concluded recently, said sources close to the development.

BS