Larsen & Toubro’s (L&T) electrical and automation (E&A) business has bagged an order worth Rs 110.31 crore from the West Bengal State Electricity Distribution Company (WBSEDCL) to supply energy meters. The metering and protection systems (MPS) business unit of E&A will supply 12.6 lakh single-phase energy meters to WBSEDCL in a time frame of 12 months between June 2011 and May 2012.
MPS has a manufacturing facility in Mysore and has an installed capacity of over 4 million single-phase meters and three-phase meters. The E&A business has a wide range of products and solutions in the electricity distribution segment that compete with the best in the world and strives to deliver cost-effective, environment conducive, customized products on existing platforms that facilitate clinching orders and serving its customers.
L&T’s net profit after tax for the fourth quarter rose by 17.25% at Rs 1686.21 crore as compared to Rs 1438.10 crore for the quarter ended March 31, 2010. Its total income has increased by 13.23% at Rs 15754.03 crore for the quarter under review from Rs 13913.09 crore in the corresponding previous quarter.
On consolidated basis, the group’s net profit after tax for the year has dropped 18.24% at Rs 4456.17 crore as compared to Rs 5450.74 crore for the year ended March 31, 2010. Total income for the year has increased by 18.51% at 53008.27 crore as compared to Rs 44728.31 crore for the previous year.