L&T Construction bags large contracts for its Power Transmission & Distribution Business in Bangladesh

The Power Transmission & Distribution Business of Larsen & Toubro has won a slew of Transmission Line orders in Bangladesh. The scope of these packages involves Design, Supply, Installation, Testing and Commissioning of Extra High Voltage Transmission Lines on turnkey basis.

A fast-growing economy in the region, Bangladesh has embarked on a programme to alleviate infrastructure deficiencies and upgrade its power system to sustain the growth. To cater to the power demand in emerging load centers and the Greater Dhaka region, several projects are afoot including construction of the country's first nuclear power plant.

"As Bangladesh aims to achieve universal electricity access this year, the enhancement of power transfer capacity will improve the reliability and efficiency of the country's grid and facilitate integrated development of its capital and the economic growth centers. These projects also will give a fillip to the cross-border electricity trade. The recent wins strengthen the leadership position of our business that caters to Power Transmission & Distribution and Renewables EPC projects in the region", said Mr. T. Madhava Das, WholeTime Director & Senior Executive Vice President (Utilities).

L&T's Power Transmission and Distribution business vertical is a leading EPC player in the field of power transmission & distribution and renewable energy. It offers integrated solutions and end-to-end services, ranging from design, manufacture, supply, installation and commissioning of transmission lines, substations, underground cable networks, distribution networks, power quality improvement projects, infrastructure electrification, fiber-optic backbone infrastructure, solar photovoltaic (PV) plants including floating solar, battery energy storage systems, mini I micro grid projects and related digital solutions. Besides being a dominant player in the Indian subcontinent, the business enjoys a significant share and a strong reputation in the SAARC, Middle East, Africa and the ASEAN regions.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1370 as compared to the previous close of Rs. 1334.7. The total number of shares traded during the day was 313253 in over 9575 trades.

The stock hit an intraday high of Rs. 1381.85 and intraday low of 1336. The net turnover during the day was Rs. 429004227.

Source : Equity Bulls

Keywords