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Larsen & Toubro (L&T), a $14-billion technology, engineering, construction, manufacturing and financial services conglomerate, on Tuesday said its construction division had won new orders worth Rs 1,471 crore across various business segments in November and December this year.
In the power transmission and distribution business, orders valued at Rs 686 crore have been received in both domestic and international markets.
These include an order bagged by Larsen & Toubro Saudi Arabia LLC, its fully-owned subsidiary, for constructing a 132-Kv transmission line and connecting Al-Dawadmi sub-station to the 132-Kv Riyadh network.
On the domestic front, a turnkey order was won from the Transmission Corporation of Andhra Pradesh Limited for setting up a 400-Kv double circuit transmission line from Veltoor to Yemmiganoor, the company said in a filing to the BSE on Tuesday.
Another order was won from Power Grid Corporation of India Limited for setting up a 765/400 kV GIS sub-station. The contract includes onshore supply, installation, construction of civil buildings and commissioning works.
L&T Construction also secured an order from Tamil Nadu Transmission Corporation Limited for establishing a 230/110/33 Kv GIS sub-station in Chennai on a total turnkey basis that is meant for transmitting power to the prestigious Chennai Metro Rail Project.
The company said its buildings and factories business had bagged Rs 461-crore worth orders. The new order was received for construction of a cement plant in Chittapur in Karnataka from a reputed customer. The scope included plant’s structural fabrication and erection works along with its associated activities, it added.
L&T’s scrip is currently trading at Rs 1,066 on the BSE, down 0.08%, as against the previous close of Rs 1,066.55 a share.
