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L&T Construction’s Power T&D business wins orders worth Rs 4,353 cr

L&T Construction’s Power Transmission & Distribution (T&D) business has bagged orders worth Rs4,353cr on an engineering, procurement, and construction (EPC) mode.

The business has secured an order from Sonelgaz Group for turnkey construction of a 220/60kV air-insulated substation in the Algerian city of Draa Errich.

The Egyptian Electricity Transmission Company has also awarded the company a contract for turnkey construction of 220kV overhead transmission lines to interconnect the substations of North Hurghada and El Qusair to the 220kV grid.

In the middle-east, an order has been won from the Oman Electricity Transmission Company SAOC to add the third and fourth transformer at the Airport Heights Grid Station. The existing 220/132/33kV Airport Heights Grid Station and associated transmission system have also been constructed by L&T Construction.

In India, the Karnataka Power Transmission Corporation Ltd (KPTCL) has awarded an order to establish a 400/220kV gas-insulated substation at Mylasandra near Electronic City in Bengaluru.

Under the Saubhagya scheme, which aims at achieving universal household electrification by providing last mile connectivity and electricity connections to all households in rural and urban areas, orders have also been secured for the electrification of various districts in India.

Larsen & Toubro (L&T) is an Indian multinational which is engaged in providing technology, engineering, construction, manufacturing, and financial services.

L&T is currently trading at Rs1,298.55, down Rs8.3, or 0.64%, from its previous close of Rs1,306.85 on the BSE. The stock is currently trading below its 50 DMA.