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

The Power Transmission & Distribution business of Larsen & Toubro has bagged a slew of orders both in India and overseas.

An order has been secured to provide Dynamic Reactive Power Compensator System at a 220kV Substation in Abu Dhabi. To enhance the grid stability and provide voltage support, specialized equipment such as STATCOMs / SVCs are deployed in substations. The scope of this package includes related protection, Substation Control and Monitoring System (SCMS), 220kV cables and associated civil, mechanical, and electrical works.

Further in the Middle East region, the business has won orders to construct 380kV Overhead Transmission Lines, 132kV network connections and to establish a 400kV substation. The business has also bagged an order to build a new 220kV Gas Insulated Substation in Bangladesh.

In India, orders have been won to create power distribution infrastructure in two circle areas of Bengaluru.

Additional orders have also been received in ongoing substation and transmission line projects.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1880.80 as compared to the previous close of Rs. 1869.10. The total number of shares traded during the day was 66014 in over 5828 trades.

The stock hit an intraday high of Rs. 1898.00 and intraday low of 1864.00. The net turnover during the day was Rs. 124156147.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 LandTConstruction Transmission Distribution OrderWin India Overseas