L&T Construction Secures Significant Power Transmission Orders in Saudi Arabia

The Power Transmission & Distribution business of Larsen & Toubro has secured multiple EPC orders in the current quarter to build Transmission Lines and Substations in the Kingdom of Saudi Arabia.

The business will undertake engineering, design, procurement and construction of more than 400KM of 380kV Overhead Transmission Lines and a new 230kV Gas Insulated Substation with associated automation and protection systems.

The transmission network strengthening augurs well for providing reliable, safe and efficient electricity supply as Saudi Arabia is embarked on an ambitious National Renewable Energy Program towards attaining optimal generation mix as envisaged in its strategic vision for 2030.

These repeat orders from the largest electric energy system provider in MENA region demonstrate the core strengths of the business and the customer confidence it has gained over decades of its association in the Kingdom.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1974.65 as compared to the previous close of Rs. 1964.30. The total number of shares traded during the day was 82548 in over 6940 trades.

The stock hit an intraday high of Rs. 1985.55 and intraday low of 1963.15. The net turnover during the day was Rs. 163202440.00.

Source : Equity Bulls

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LarsenandToubro INE018A01030 LT OrderWin SaudiArabia