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L&T bags orders worth Rs 1,438 crore

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

25 Feb 2009 Evaluate

Larsen & Toubro (L&T) has bagged three new orders worth Rs 1438 crores. Two orders worth Rs 1130 crores were booked in the Gulf Region and a third, worth Rs 308 crore, was bagged from the West Bengal State Electricity Distribution Company.

L&T has bagged an EPC order valued at Rs. 800 crore (USD 164 million/ AED 600 million) from the Al Ain Distribution Company (AADC) for the construction of 7 Electrical substations, associated MV Cabling and Overhead Transmission line in the Al Ain city of Abu Dhabi. This is one of the single largest value orders received by L&T in the UAE, for Power Transmission & Distribution Sector. According to the terms of the contract, L&T will Design and Build these 33/1 lkV primary substations to the specifications of the international consultant PB Power & will be completed within 24 months.

L&T has also received another EPC order for Augmentation & Expansion of 33 kV Power Transmission Network with a value of Rs 330 crores (USD 67 million / AED 247 million) from Abudhabi Distribution Company (ADDC). The scope covers design, supply & construction of 300 km of 33 kV Transmission line network in the western region of Abudhabi, with the contract completion of 22 months.

These orders were secured against stiff international competition and will be executed by the Power Transmission & Distribution Sector of L&T Abu Dhabi. At present L&T is already executing 20 Substations of various capacities in Al Ain, Abu Dhabi & Dubai areas of UAE.

In another development Larsen & Toubro has bagged a Rs.308 crores order from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for Rural Electrification Works in Jalpaiguri & North 24 -Parganas districts of West Bengal State. As part of the contract, L&T will carry the 11 kV distribution lines to electrify 2,274 villages in these districts, to benefit the citizens of Below Poverty Line (BPL). The project will be completed within 18 months.

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Larsen & Toubro Share Price

3953.90 -6.00 (-0.15%)

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Company Name	CMP
Larsen & Toubro	3953.90
Rail Vikas Nigam	272.00
NCC	151.85
KEC International	563.95
Kalpataru Projects	1171.40
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L&T bags orders worth Rs 1,438 crore

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