Larsen & Toubro (L&T), an engineering and construction conglomerate, announced that the power transmission and distribution business of the company has won orders worth Rs 10.38 billion in the international and domestic markets in November 2015.
Larsen & Toubro Saudi Arabia LLC, a fully owned subsidiary of LaT, has bagged an order valued at SAR 405.75 million (USD 108.2 million) for the construction of five 132 kV substations at Hail area from the National Grid, Saudi Arabia, a subsidiary of Saudi Electricity Company.
The scope involves detailed designing, engineering, testing and commissioning of the 132 kV gas insulated switchgear, 132/13.8 kV, 50/67 MVA power transformers, 132/33 kV, 80/100 MVA power transformers, 13.8 kV switchgears, 33 kV switchgear, control a protection system, substation automation system, HVAC, Novec firefighting system with associated auxiliary systems and civil works.
These projects are in the central province of Saudi Arabia and are scheduled to be completed in 24 months.
In the domestic market, the company has bagged an order from the Odisha Power Transmission Corporation (OPTCL). Forming a part of the power system improvement project in the state capital, the order is for engineering, supply, erection and commissioning of several KMs of underground EHV a HV cable networks, compact substations and other distribution elements in the city of Bhubaneswar, Odisha.
Shares of the company gained Rs 8.15, or 0.61%, to trade at Rs 1,350.50. The total volume of shares traded was 35,663 at the BSE (9.43 a.m., Thursday).