Larsen & Toubro Limited (L&T) on Wednesday announced that the company's Power Transmission & Distribution vertical has secured 'significant' EPC orders from unnamed clients in the Middle East for setting up extra-high voltage substations.
The order comprises of constructing one 380 kV substation and two 132 kV substations in the region that would ensure the availability of reliable power to large load centres and decongest grids.
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L&T share price: Shares of Larsen & Toubro Limited were trading at Rs 3921.65 per scrip on Wednesday at around 13:08 hours, with a rise of Rs 65.05 (+1.69%) after the key announcement.
As per L&T, an order ranging between Rs 1,000 crore to Rs 2,500 crore is classified as 'significant'.
The orders have been awarded to L&T on a turnkey basis and are to be delivered against stringent timelines, the company said in a regulatory filing.
The power transmission and distribution (PT&D) business vertical of L&T is a major engineering, procurement, and construction (EPC) player, providing technology-driven, end-to-end solutions for enabling access to clean and reliable electricity.
It offers integrated EPC services and related digital energy solutions, spanning from the establishment of smart and efficient transmission and distribution (T&D) networks to last-mile electrification.
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The business serves utilities, renewable energy developers, and industrial and infrastructure customers across 30 countries in the SAARC, ASEAN, Middle East, Africa, North America and CIS regions.
Larsen & Toubro is a $32 billion Indian multinational engaged in EPC projects, hi-tech Manufacturing, products and services, operating across diverse domains and multiple geographies.
