L&T board will consider share buyback and special dividend
The proposals will be taken up at the company's board meeting scheduled for July 25
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New Delhi: Infrastructure major Larsen and Toubro's board will meet next week to consider a proposal to buy back shares and payment of a special dividend for FY2023-24, according to a regulatory filing.
The proposals will be taken up at the company's board meeting scheduled for July 25, Larsen & Toubro said in a filing. The company in a separate filing on Friday announced that its construction unit, L&T Construction, has bagged a 'mega' contract from the National High-Speed Rail Corporation Limited (NHSRCL) to construct the 135.45 km stretch MAHSR – C3 package which is part of the prestigious Mumbai Ahmedabad High-Speed Rail Project. The scope for the MAHSR – C3 package includes the construction of viaducts, stations, major river bridges, depots, tunnels, earth structures, stations, and other auxiliary works. The approximately 508 km Mumbai-Ahmedabad High-Speed Rail project, also called the MAHSR Bullet Train project, will cover 155.76 km in the state of Maharashtra, 4.3 km in the Union Territory of Dadra & Nagar Haveli and 348.04 km in the State of Gujarat with 12 stations along the route.
