L&T bags contracts for its Power Transmission and Distribution Business

On Monday, L&T announced that its power, transmission and distribution business had acquired orders from prestigious clients on domestic and international fronts. The exact consideration for these orders was not specified, however, the company classified them under the 'large' category which may be anywhere from Rs 2500 to Rs 5000 crore.

On the domestic front, the business won an order to construct a 765kV Double Circuit Transmission Line in Gujarat to help transmit power from renewable energy sources. Another order was received in Uttar Pradesh to build a 20MW floater solar power project at a reservoir of NTPC's Auraiya Gas Power Plant.

On the global front, the business won an order to construct a 500kV substation in the Philippines with a prominent local player to cater to the growing demand for electricity in the metropolitan area of Manila. In addition, 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.

L&T is an Indian multinational company engaged in technology, engineering, construction, manufacturing and financial services.

At 12 pm on Monday, the stock was trading at Rs 1286.90, down by 0.92 per cent or Rs 11.95 per share. The 52-week high is recorded at Rs 1606.70 and the 52-week low is Rs 1202.30 on BSE.