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NEW DELHI: Larsen & Toubro (L&T) has secured one more ‘significant’ package in the Chennai Metro Rail Projects. L&T has been awarded Package C3 (CP08 EV01) of Phase-II Chennai Metro Rail Projects.

The scope of CP08 EV01 package involves the construction of an elevated viaduct of approximately 10 km, including an elevated ramp and ten elevated metro stations. This elevated Metro Rail package is to be constructed in 35 months.

L&T is already executing four packages of CMRL Phase II, of which one is underground and the other three are elevated packages. L&T had earlier executed Metro Rail Projects for CMRL in Phase I.

Following the update, the stock climbed 4 per cent.

rises 2 per cent
Shares of

rose 2 per cent after the company announced new schemes for its customers that bundle many services in its Fiber plans.

Airtel Xstream Fiber, Bharti Airtel’s home broadband offering, added three new all-in-one plans that include subscriptions to 17 streaming providers, 350+ TV channels, and a 4K streaming box.
The new plans priced at Rs 699, Rs 1,099 and Rs 1,499 offer 40 Mbps, 200 Mbps and 300 Mbps speeds. The top plan bundles all three major OTT providers – Netflix, Amazon Prime Video and Disney+ Hotstar, along with access to 14 other content providers that are bundled with Airtel’s own Xstream content streaming portal.

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JKumar Infra said its PAT for Q4 FY22 grew by 126 per cent to Rs 74 crore compared to Rs 33 crore in Q4 FY21. PAT margin for Q4 FY22 stood at 6.6 per cent compared to 3.3 per cent in Q4 FY21. Revenue from Operations for Q4 FY22 grew by 12 per cent to Rs 1,114 crore compared to Rs 992 crore in Q4 FY21.

The company also got a major order.

It said it received a Letter of Acceptance from

for construction of eight-lane access-controlled expressway from Km 69.80 Km 79.78 Bhoj to Morbe Section- SPUR of Vadodara Mumbai Expressway including 4.160 km long twin-tube eight-lane tunnel in Matheran Eco-sensitive Zone in the State of Maharashtra ON EPC MODE under Bharatmala Pariyojna (Phase II-Package XVII).

The contract value is Rs 1,067 crore, exclusive of Goods and Service Tax.

The stock jumped 6 per cent following these disclosures.

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