L&T wins multiple orders to build grid elements forming backbone of clean energy transition

The Power Transmission & Distribution (PT&D) business of Larsen & Toubro has won new orders in India and abroad for establishing substations and transmission lines which are crucial elements of the vast, interconnected electricity network. A strengthened grid speeds up clean energy transition and ensures reliable, resilient power supply.

In India, PT&D has received orders to execute two 765kV Double Circuit Transmission Line packages which are associated with evacuation of power from Jaisalmer/ Barmer Renewable Energy Zone in Rajasthan to substations in Madhya Pradesh for further interconnections.

In its pursuit of providing sustainable and efficient power supply, Saudi Arabia is strengthening the 380kV network in the central region. PT&D has secured orders to build a 380kV Substation and 380kV Overhead line segments.

In the United Arab Emirates, PT&D has secured orders to construct a 220kV Substation and three 132kV Substations. Adding these substations to the network will help the utilities keep pace with the increasing electricity demand in Dubai and Abu Dhabi.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3774.90 as compared to the previous close of Rs. 3673.30. The total number of shares traded during the day was 139958 in over 7894 trades.

The stock hit an intraday high of Rs. 3789.85 and intraday low of 3686.80. The net turnover during the day was Rs. 526594839.00.

Source : Equity Bulls

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