Larsen and Toubro said on Monday that its power transmission and distribution business has received several orders worth between Rs 2,500 and Rs 5,000 crore to construct the grid elements that serve as the foundation for the clean energy transition.
L&T considers orders in the ₹2,500 crore to ₹5,000 crore range as ‘large’. The firm received the orders in India and overseas markets. The company received orders in India to set up two packages of 765 kV double circuit transmission lines. These lines are related to the transfer of power from the Jaisalmer / Barmer Renewable Energy Zone in Rajasthan to Madhya Pradesh substations for interconnections.
In the filing, the company shared, “In its pursuit of providing sustainable and efficient power supply, Saudi Arabia is strengthening the 380kV network in the central region. PT&D has secured orders to build a 380kV Substation and 380kV Overhead line segments.
In the United Arab Emirates, PT&D has secured orders to construct a 220kV Substation and three 132kV Substations. Adding these substations to the network will help the utilities keep pace with the increasing electricity demand in Dubai and Abu Dhabi.”
As of 12:49 pm, L&T shares were trading 2.57 % higher at Rs 3,774.30.
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