Announced Thu, 20 Aug · 10:03 IST
L&T wins large order for Dubai airport people mover system
LT · price
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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹4041.30
prior close
₹4052.00
base price
In-mkt
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AI summary
L&T, with Japan's Mitsubishi Heavy Industries, won a Large order (Rs 2,500 to 5,000 crore) to build an Automated People Mover system at Dubai's Al Maktoum Airport. The airport is set to become the world's largest, with 260 million passenger capacity. L&T will handle design, procurement and integration of guideways, power, signalling and telecom systems.
Likely market impact
Positive for export order book in hard currency; strengthens L&T's transit credentials in the Gulf region.