L&T Construction bags several contracts in the Philippines, Saudi Arabia

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Mumbai: The Power Transmission and Distribution Business of L&T Construction has secured orders from prestigious clients in India and abroad. However, the shares of L&T plunge by 1% to Rs.1285.50 in the BSE in the early hours of Monday.

In the Philippines, the L&T has won an order to construct a 500kV Substation, in association with a prominent local player,that will cater to the growing demand for electricity in the metropolitan area of Manila. Similarly, in the Kingdom of Saudi Arabia, orders to construct a 380kV Substation with an associated 230kV cable network and establish 380kV and 230kV Transmission Line corridors have been bagged. Another order to construct EHV Overhead Lines has been received from a reputed customer in the Middle East.

On the domestic front, the business has won an order in Gujarat to construct a 765kV Double Circuit Transmission Line that will help transmit power from renewable energy sources. Another order has been secured to build a 20MW floater solar power project at a reservoir of NTPC’s Auraiya Gas Power Plant in Uttar Pradesh. Additional orders have been received from ongoing substation jobs in India.

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