L&T Secures Orders For Power Transmission & Distribution Business, Shares Hit 52-Week High

Larsen & Toubro Constructions on Wednesday, announced that its Power Transmission & Distribution Business has secured large new orders (Rs 2500 to Rs 5000 Crore) in the Middle East.

In the United Arab Emirates, the Business has received an order to establish a 220kV Gas Insulated Substation and associated Transmission Lines from a well-established service provider to the energy industry., the company said in a filing.

The company added, Further, orders to establish 2 New 132kV Substations have been received from a public services infrastructure company in Dubai and another order to build a 220kV overhead Transmission Line has been secured in the region.

In Kuwait, an order has been secured for turnkey construction of 4 new 132kV Substations in the Al Sabah Medical District. The scope also includes associated Control, Protection, Automation and Communication systems and related Civil & Mechanical works, it company said.

It added, Additional orders have been received in the ongoing jobs in Qatar and Saudi Arabia.

Shares of L&T on Wednesday hit 52-week high at Rs 2,725.75 apiece. It ended at Rs 2717.45 apiece on BSE, up 1.42%. Its 52-week low is Rs 1,798 apiece. The stock surged 1% in 1 week, while in 1 year, it has given 44.85% return.