Stock Report

L&T Construction wins orders under its Power Transmission & Distribution Business



Posted On : 2022-12-31 13:48:02( TIMEZONE : IST )

L&T Construction wins orders under its Power Transmission & Distribution Business

The Power Transmission & Distribution Business of L&T Construction has secured multiple EPC orders in India and overseas.

The Renewables arm of the Business has received an EPC order to establish a 90MW Floating Solar PV Plant at the Omkareshwar dam reservoir, a large water body without much change in the water level throughout the year, in the Khandwa district of Madhya Pradesh. This water body is emerging as one of the largest floating solar parks in the world.

Further, in western Uttar Pradesh, the Business will undertake works for the development of distribution infrastructure under the revamped reforms-linked distribution scheme. The scope of this loss reduction package includes asset mapping using Geospatial Information System (GIS).

In the overseas market, the Business has received an order for establishing 400kV & 225kV transmission lines in North Africa.

The Business has also won an order for building a 132kV substation in the coastal town of Bintulu in Sarawak, Malaysia.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 2086.30 as compared to the previous close of Rs. 2110.60. The total number of shares traded during the day was 27294 in over 2571 trades.

The stock hit an intraday high of Rs. 2132.60 and intraday low of 2081.50. The net turnover during the day was Rs. 57453250.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 LandT OrderWin PowerTransmission Distribution