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Indian multinational EPC contractor Larsen & Toubro's construction arm has won a slew of orders in India and abroad for various businesses.
It has been awarded significant power transmission and distribution contracts in Ladakh and Ayodhya, as well as overseas projects in Saudi Arabia, Africa and Thailand.
The company's power transmission & distribution business has won an order to construct a 220 kV transmission line associated with system strengthening in the Ladakh region. The design and execution of this system involves traversing avalanche prone, hilly terrains and ice loading of conductors.
Another turnkey order has been received for urban power distribution in Ayodhya city under the Integrated Power Development Scheme. In Dubai city, an order to design, supply, construct, install, test, and commission a 132/11kV substation with associated cable works has been received. Additionally, two transmission line packages have been secured in Africa.
A package involving supply and construction of a new gas-insulated substation and associated substation extensions has been won in Thailand. These works will enhance the transmission system security and support the rising demand for electricity in the upper northern parts of the country.
L&T's factories business has secured a prestigious order from a leading cement manufacturer in India to construct a 1.8 MTPA grinding unit in Dolvi, Maharashtra. The scope involves civil, mechanical and equipment installation works.
Shares of the company were up 2.4 per cent at Rs 1,549.75 on the BSE in the intra-day trade last Wednesday. The stock of the construction and engineering major was quoting higher for the third straight day. It had hit a record high of Rs 1,593 on February 2, 2021.
L&T clinched some key contracts in Gujarat in January this year. These contracts were won through GSECL (Gujarat State Electricity Corporation Limited) and NTPC Limited. The GSECL contract for 210 MW capacity solar project was won through an e-reverse auction for a state specific scheme in waste government lands near GETCO substation.