L&T Wins large orders for its Power Transmission & Distribution Business

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has won new orders in India and abroad.

In India, it has won an order to implement 765kV and 400kV transmission line segments associated with a Renewable Energy Zone in Uttar Pradesh.

Prior to this, the business secured an order for turnkey construction of a 400kV transmission line, meant for evacuation of power from a non-fossil fuel-based powerplant in southern India.

In Saudi Arabia, it has won order for a 380kV Gas Insulated Substation (GIS). The scope also includes associated Reactors and installation of hybrid GIS Bays.

In Abu Dhabi, the business has received an order for setting up a new 220/33kV grid station, along with associated jobs.

These repeat orders from PT&D's longstanding customers underscore the vital role played by L&T towards setting up efficient grid infrastructure across geographies, and thereby facilitating faster proliferation of renewable energy generation.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3198.35 as compared to the previous close of Rs. 3164.75. The total number of shares traded during the day was 122261 in over 12687 trades.

The stock hit an intraday high of Rs. 3226.90 and intraday low of 3161.00. The net turnover during the day was Rs. 390839947.00.

Source : Equity Bulls

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