L&T Wins Riyadh Metro Extension Order

30 Jan 2026 CW Team

Larsen & Toubro (L&T) has secured a new order in Saudi Arabia for the extension of the Riyadh Metro, valued in the range of Rs 50–100 billion, reinforcing its footprint in large-scale international infrastructure projects.

The contract has been awarded to L&T’s Heavy Civil Infrastructure business vertical by the Royal Commission of Riyadh City. The order forms part of an ultra-mega project being executed by a global consortium comprising Webuild S.p.A, L&T, Nesma & Partners Contracting, Alstom and IDOM.

The project involves the expansion of the Red Line of the Riyadh Metro network, one of the city’s most critical mass rapid transit corridors. As part of the contract, L&T will undertake the design and turnkey construction of an 8.4-kilometre metro corridor featuring both elevated and underground sections.

The scope of work also includes the construction of five metro stations along the Red Line extension, contributing to enhanced urban mobility and connectivity in Riyadh.

Earlier this month, on January 16, L&T had announced another large order valued between Rs 25–50 billion for its hydrocarbon onshore business. The contract was awarded by Petronet LNG, a joint venture promoted by Oil & Natural Gas Corporation, Indian Oil Corporation, GAIL (India) and Bharat Petroleum Corporation.

The latest Riyadh Metro order highlights L&T’s growing role in global infrastructure development and its ability to execute complex urban transit projects across international markets.

Real Estate

02 Feb 2026

Union Budge: Infra-Led Urban Shift

The Union Budget FY27 reinforces infrastructure-led urbanisation as the backbone of India’s real estate and housing growth. Higher public capital expenditure, City Economic Regions, risk-mitigation mechanisms and REIT-led asset monetisation are being widely viewed as long-term enablers, even as the industry continues to seek sharper supply-side reforms and affordability-focused measures. Here are a few industry insights:Dr Niranjan Hiranandani, Chairman, NAREDCO & Hiranandani Group“The Union Budget 2026-27 is growth-oriented and stability-focused, supporting consumption and aiming to s..

Budget 2026 Charts Path for Infrastructure-Led, Tech-Driven Growth

The Union Budget 2026–27 signals strong continuity in India’s macroeconomic strategy, anchored in elevated public capital expenditure, fiscal discipline, and a sharper focus on manufacturing, infrastructure, and regional development. With capital outlay pegged at ₹12.2 lakh crore and a fiscal deficit target of around 4.3 per cent, the Budget balances growth ambition with stability, offering long-term visibility to investors and project developers.A dominant theme is the centrality of infrastructure as a multiplier for economic expansion. Public capex now accounts for over 3.3 per cent of..

Tata Power Arm Crosses 10 GW EPC Milestone

Tata Power Renewable Energy Ltd (TPREL) has achieved a major milestone by executing 10 gigawatts of engineering, procurement and construction (EPC) renewable energy projects to date, reinforcing its position in India’s clean energy infrastructure sector. According to the company, the executed portfolio comprises 4.2 gigawatts of in-house projects and 5.8 gigawatts of third-party projects. Of the total 10 gigawatts commissioned so far, 9.7 gigawatts are solar projects and 290 megawatts are wind projects. In the first nine months of FY26, TPREL commissioned 1.88 gigawatts of EPC renewable en..