L&T bags contracts over Rs 1000 crore for its power transmission and distribution business

L&T bags contracts over Rs 1000 crore for its power transmission and distribution business

by 5paisa Research Team Last Updated: Dec 13, 2022 - 05:06 pm 34.5k Views
Listen icon

The cumulative value of all these orders wins falls within the range of Rs 1000 crore to Rs 2500 crore.

Larsen & Toubro Ltd (L&T), an Indian multinational engaged in engineering, procurement & construction (EPC) projects as well as hi-tech manufacturing & services, has secured significant contracts for its power transmission and distribution business.

On the domestic front, the renewable arm of this business segment has bagged an order that entails the construction of a 245 MW solar power project in the state of Rajasthan.

Similarly, this segment has also secured an order pertaining to the implementation of a solar photovoltaic cum storage project in the Kutch district of Gujarat.

As per the press release, this large scale, grid-interactive green energy storage project will have a 35 MW (AC) solar capacity and a 57 MWh Battery Energy Storage System (BESS).

On the international front, the company has also secured orders in the Middle East region. These orders pertain to the supply and construction of shunt reactors in 132 kV substations on a turnkey basis.

These reactive power compensation elements will be added to the 132kV network of Dubai's Electricity infrastructure. Apart from this, it will also provide voltage control to help in maintaining the highest standards of availability, reliability, and efficiency.

The company has also received additional orders from the ongoing transmission line projects.

All the above-mentioned deals are stated as significant wins, which means that the cumulative value of all the orders falls between the range of Rs 1000 crore and Rs 2500 crore.

On the revenue front, in Q3FY22, the company derived 50% of the revenue came from the infrastructure segment, 25% from the services segment, 16% from the hydrocarbon segment and the rest came from power, HE, defence, and others.

At 12.08 pm, the share price of Larsen & Toubro Ltd (L&T) was trading at Rs 1,755.95, which was an increase of 0.50% from the previous day’s closing price of Rs 1,747.30 on BSE.

Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Paytm Share Price Surge 5% After Discontinuing Inter Company Pacts with PPBL

At 2.25 pm today, shares of One97 Communications the parent company of the renowned Paytm brand surged by 5% reaching ₹423.45.

NTPC Enters JV Agreement with Maharashtra State Power Generation

NTPC Green Energy Limited, a subsidiary of NTPC Limited, has partnered with Maharashtra State Power Generation Company Limited (MAHAGENCO) to lead the development of renewable energy parks in Maharashtra.

Happiest Minds Partners with Secureworks for Advanced XDR Services

Happiest Minds Technologies has recently announced its collaboration with the Secureworks Global MSSP Partner program to address the escalating need for Extended Detection and Response (XDR) services worldwide.