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L&T bags Rs 1,366-cr power projects in Gulf region

22 Jun 2011 Evaluate

Larsen & Toubro has bagged EPC (engineering, procurement and construction) orders from member-countries of the Gulf Cooperation Council (GCC) totalling Rs 1,366 crore. This includes construction of a 225-km overhead transmission line and laying 66-km of underground cables, including eight substations.

Larsen & Toubro Saudi Arabia LLC, a fully owned subsidiary of L&T, has secured an order worth Rs 597 crore from the Saudi Electricity Company for construction of 225 km of a 380-kV transmission-line project. This project will feed power to the Haramain high-speed railway system which will link Medina and Mecca via Jeddah in Saudi Arabi.

Two EPC orders amounting to Rs 497 crore are from the United Arab Emirates. Of this, a Rs 422-crore order from Abu Dhabi Ports Company (ADPC) is for the construction of five medium-voltage substations and laying associated cables of 33 kV for the Khalifa Port and Industrial Zone Project. This is to be completed in 18 months. L&T has also secured a Rs185-crore contract from Qatar General Electricity & Water Corporation for engineering, supply, installation, testing and commissioning of 66 km of 220 kV underground cables. L&T (Oman) LLC — a joint venture of L&T in Muscat — has secured a Rs 87-crore order for three medium-voltage substations and 33-kV cable work from Muscat Electricity Distribution Company.crackcrack

Larsen & Toubro Share Price

3920.20 -53.40 (-1.34%)
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Larsen & Toubro 3920.20
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