L&T may gain from China's loss of Delhi-Meerut Rapid Rail project

If Shanghai Tunnel Engineering Company is unable to win the Delhi-Meerut Regional Rapid Transit System (RRTS) contract owing to the border conflict, then it could be Larsen & Toubro’s (L&T’s) gain as the latter is the second preferred bidder for the project. The Chinese company, which had emerged as the eligible or L1 bidder, is facing the possibility of being disqualified because of the current conflict between India and China. The standoff is casting a shadow on economic ties between the two neighbours. The National Capital Region Transport Corporation (NCRTC) had ope.....

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