Larsen & Toubro (L&T) is gearing up to bid for the government’s ambitious bullet train project, its Executive Chairman A. M. Naik, said on Friday. “We will certainly participate in the bidding of the bullet train project. We are already in talks with global bullet train manufacturers and technology suppliers for tie-ups. We will be much ahead than others when the project comes for bidding. We will target that project,” Mr. Naik told shareholders at the company’s 69 annual general meeting (AGM) here. He was responding to a shareholder’s query. He said that L&T had emerged as the lowest price bidder for the Sardar Vallabhbhai Patel’s Statue of Unity project in Gujarat though the contract was yet to be awarded. The company is also expecting bigger opportunities from infrastructure projects, including metro rail.
Posted on: Sat, 23 Aug 2014 13:16:28 +0000
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