L&T wins $1.3b construction contract: statement

India's top engineering and construction company Larsen & Toubro Ltd has secured a contract to build a $1.3 billion Mumbai Trans Harbour Link, the company said in a statement, in a big boost for the firm.

“The project involves construction of a 21.8 km (13.6 mile)bridge connecting Mumbai mainland with Navi Mumbai,” the statement issued late on Saturday said.

Larsen & Toubro earlier this month reported consolidated net profit of 18.2 billion rupees ($279.31 million) in the three months ended Sept. 30, up from 14.35 billion rupees a year earlier.