L&T Secures Major ₹10,000 Crore Riyadh Metro Extension Contract

• Larsen and Toubro's heavy civil infrastructure business secured a 'major' contract from the Royal Commission of Riyadh City.
• The order, valued between ₹5,000 crore to ₹10,000 crore, is for the extension of the Riyadh Metro's Red Line.
• L&T is part of a consortium including Webuild SpA, Nesma & Partners Contracting, Aistom, and IDOM for this ultra-mega project.
• The scope involves design and turnkey construction of an 8.4km metro line (elevated and underground) and five stations.
• L&T shares rose 0.9% to ₹3,820.7, with an 11.95% gain over the past year.

Why It Matters: L&T wins a significant Riyadh Metro extension contract, boosting its international infrastructure portfolio and share value.