L&T Bags Contracts for its Power, Transmission & Distribution Business

L&T has announced that the Power, Transmission and Distribution Business of L&T Construction has secured orders from clients in India and abroad.

Larsen and Toubro (L&T) have announced that the Power, Transmission and Distribution Business of L&T Construction has secured orders from prestigious clients in India and abroad.

In the Philippines, the business has won an order to construct a 500 kV substation, in association with a prominent local player, that will cater to the growing demand for electricity in the metropolitan area of Manila.

In the Kingdom of Saudi Arabia, an order has been received to construct a 380 kV substation with an associated 230 kV cable network and establishing a 380 kV and 230 kV transmission line corridors have been bagged. Another order to construct EHV Overhead Lines has been received from a reputed customer in the Middle East.

On the domestic front, the business has won an order in Gujarat to construct a 765 kV Double Circuit Transmission Line that will help transmit power from renewable energy sources. Another order has been secured to build a 20 MW floating solar power project at a reservoir of NTPC’s Auraiya Gas Power Plant in Uttar Pradesh.

Additional orders have been received from ongoing substation jobs in India.

In January, we had reported that NTPC Ltd has concluded the e-reverse auction for its 1,000 MW of solar projects tender under the Develop Build Demonstrate (DBDT) program, awarding 560 MW capacity to three bidders.

The three bidders that were awarded projects under the tender are Tata Power Solar which won 300 MW capacity after submitting the lowest bid with an EPC quote of Rs 1.925 crore, Jakson Limited was awarded 110 MW and Larsen & Toubro Limited (L&T) was awarded 150 MW project capacity under the tender after submitting a proposal for 300 MW capacity.

In June 2019, Beijing-headquartered multilateral developmental lender Asian Infrastructure Investment Bank (AIIB) had announced that it will provide USD 100 million in loans to L&T Infrastructure Finance Company for on-lending to green energy (wind and solar power) infrastructure projects in India.