L&T bags Rs 114 crore order from SAIL

Larsen & Toubro Ltd (L&T) has announced that the Engineering Construction and Contracts Division of the Company has secured Rs 114.43 crore order from Steel Authority of India Ltd (SAIL) for the turnkey construction of 220/132 kV Gas Insulated Substation and associated Transmission Network for SAIL's Bhilai Steel Plant in Chattisgarh.

When completed this project will evacuate power from 500 MW Captive Power Plant being set up by NTPC-SAIL Power Company Ltd and feed to Bhilai Steel Plant. The work involves supply, erection and commissioning of Main Step Down Substation (MSDS-V). MECON is the consultant for the project and the duration of the contract will be 16 months from June 2007.

The scope of work includes construction of 220 kV (10 bays)/ 132 kV (16 Bays) Gas Insulated Substation, State-of-the-art four-storied control room, installation of Substation Automation System (SAS), HVAC/fire fighting system, 160 MVA Power Transformers, AS / DC Auxiliary Power System, Internal and external lighting, including EHV / HV cabling and associated 220/132kV Transmission Lines.

The stock was trading at Rs.1898.10, up by Rs.8.20 or 0.43%. The stock hit an intraday high of Rs.1910 and low of Rs.1881.65. The total traded quantity was 68514 compared to 2 week average of 372182.

Source : Equity Bulls

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