Larsen and Toubro (L&T) has emerged as the lowest bidder for constructing the largest segment of the high speed rail line between Mumbai and Ahmedabad. The company bid ₹24,985 crore for the 237.1 km stretch for the bullet train project, beating two other bids led by Tata Projects and Afcons Infrastructure. L&T emerged as the lowest bidder after the National High-Speed Rail Corp. (NHSRCL) opened financial bids submitted by the three infrastructure development firms for package C4 on Monday. The Mumbai-Ahmedabad bullet train corridor is being built at a cost of ₹1.08 trillion with funding from the Japan International Cooperation Agency. The NHSRCL had invited bids for the Mumbai – Ahmedabad High-Speed Rail on 15 March 2019.

Source: Mint October 20, 2020 03:00 UTC