L&T wins grid infrastructure orders for its Power Transmission & Distribution business

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has won grid infrastructure orders in Middle East.

The 400kV super grid interconnection linking the electricity networks of GCC member states has helped in efficient utilization of generation capacity and has improved the overall grid resilience. Currently, the network of the Sultanate of Oman is connected to this interconnection through UAE's grid at 220kV. Now a direct interconnection is being established at 400 kV level for which a 400 kV Substation in UAE is crucial. L&T PT&D has won an order to engineer, procure and construct this 400 kV Substation.

Another order has been secured for building a set of new 132kV substations in the Middle East to cater to the electricity demand growth.

In Saudi Arabia, an order has been received for turnkey construction of 380 kV overhead transmission lines associated with integration of renewable energy power plants.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3783.30 as compared to the previous close of Rs. 3769.35. The total number of shares traded during the day was 73446 in over 7899 trades.

The stock hit an intraday high of Rs. 3798.50 and intraday low of 3760.50. The net turnover during the day was Rs. 278038717.00.

Source : Equity Bulls

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