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Larsen & Toubro Ltd Industry :  Engineering - Turnkey Services
BSE Code
500510
ISIN Demat
INE018A01030
Book Value (Rs)
559.0364408
NSE Symbol
LT
Divident Yield %
0.91
Market Cap
(Rs In Cr.)
572,684
P/E (TTM)
36.72
EPS (TTM)
113.35
Face Value
(Rs)
2
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Larsen & Toubro wins mandate for development of Latifa Bint Hamdan Corridor
30-Sep-26   Hrs IST

The Transportation Infrastructure business vertical of Larsen & Toubro has formally executed twin contracts – one large (valued between Rs 2,500-Rs 5,000 crore) and one significant (valued between Rs 1,000-Rs 2,500 crore) – from the Roads and Transport Authority (RTA) of Dubai for the development of the Latifa Bint Hamdan Corridor.

The first contract involves the development of a new road connecting Al Khail Road with the extension of Latifa Bint Hamdan Street, along with the construction of bridges, tunnels and associated road works. This will enhance connectivity between Al Khail Road, Latifa Bint Hamdan Street and Al Meydan Street and improve access to nearby development areas.

The second contract entails the development of parts of Al Meydan Street, including the construction of a new interchange and associated at-grade roads to serve development projects in the area and improve traffic flow. The scope also includes the construction of a cycling track connecting it with the existing cycling network and contributing to an integrated route from Al Qudra to Jumeirah.

Both the projects are scheduled for completion by the end of 2028.

Upon completion, the overall Latifa Bint Hamdan Corridor will extend approximately 12 km and strengthen connectivity between Dubai's key road corridors, including Sheikh Zayed Road, Al Khail Road, Al Meydan Street, Sheikh Mohammed bin Zayed Road, Sheikh Zayed bin Hamdan Al Nahyan Street and Emirates Road.

The corridor is expected to accommodate around 16,000 vehicles per hour in both directions and more than 130,000 trips per day. It will also reduce travel time between Umm Al Sheif Street and Emirates Road from 33 minutes to 15 minutes.

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