Larsen & Toubro Ltd. said the Power Transmission & Distribution Business of L&T Construction had secured a major contract worth Rs.2,442 crore from Bharat Sanchar Nigam Ltd. (BSNL), the project implementation agency for the Ministry of Defense.
The scope of contract covers supply, trenching, laying, installation, testing and commissioning of Optical Fiber Cable (OFC) network which will establish exclusive optical national long distance backbone and optical access routes for the defense network. He scope largely covers OFC routes in central and southern India.
The company said the project would be handled on a turnkey basis, intended for roll-out of a nationwide OFC network which will be owned and operated by the Defense Services. The mega network will be deployed with fibre optic cable technology which will from the backbone optical highway infrastructure and serve as a highly resilient and reliable communication media for the defense sector.
The project is scheduled to be completed in a stringent time frame of 18 months.
Commenting on the order, L&T's Sr. Executive Vice President S.N. Subrahmanyan said, "We are well-placed with a complete range of offerings, a nationwide presence and the relevant track records to execute this project to the complete satisfaction of our client. We are also very privileged to play a significant role in strengthening and modernizing the network of our Defense forces."
At the BSE, Larsen & Toubro shares are currently trading at Rs.1,712.70, up 0.65 percent from the previous close.
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