L&T gains as its construction arm secures orders for Power Transmission and Distribution Business!
Larsen & Toubro’s (L&T) construction arm - L&T Construction has secured EPC orders in India and overseas for its Power Transmission & Distribution (PT&D) Business.
Orders bagged in Power Transmission and Distribution Business
Under the umbrella of the Reforms-based Results-linked Distribution Sector Scheme (RDSS), distribution utilities in the country have taken up various modernization measures to improve operational efficiency and financial sustainability. To significantly reduce the Aggregate Technical & Commercial (AT&C) losses at the pan-India level is an important objective of the scheme towards which, the discoms undertake several distribution infrastructure improvements such as segregating feeders, reconductoring, cabling, augmenting line networks and elements, geotagging of assets, etc. The Business has secured orders to develop distribution infrastructure in two discom circles of western Rajasthan.
It also bagged a power supply system order for the second phase of Chennai Metro. The scope includes the Design, Supply, Installation and Commissioning of Receiving Substations (RSS), Auxiliary Substations (ASS) and SCADA systems for the northern sections of Corridors 3 & 5. The 110kV Gas Insulated Receiving Substations get incoming supply from the Grid and feed power supply to the traction and station requirements. 33kV Auxiliary Substations interconnected through 33kV cable system feed the auxiliary loads of metro stations such as lighting, ventilation, lifts etc. Related Control & Protection systems are also included in the scope.
Share price movement of Larsen & Toubro Limited
Today, the stock opened at Rs 2234.95, with a high and low of Rs 2253.50 and Rs 2220. The stock closed trading at Rs 2247.80, up by 0.80%.
Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.
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