Larsen & Toubro announced the power transmission & distribution business of L&T Construction has bagged a major contract worth Rs 24.42 billion from Bharat Sanchar Nigam, the project implementation agency for the Ministry of defence.
The contract is for supply, trenching, laying, installation, testing and commissioning of optical fiber cable (OFC) network which will establish optical national long distance backbone and optical access routes for the defence network.
The project is scheduled to be completed in a stringent time frame of 18 months.
Shares of the company gained Rs 9.20, or 0.54%, to trade at Rs 1,710.80 at the BSE (10.30 a.m., Tuesday).