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25 April, 2024 18:53 IST
L&T Construction bags orders worth Rs 22.15 bn
Source: IRIS | 03 Mar, 2015, 12.20PM
Rating: NAN / 5 stars.
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The construction arm of L&T has secured orders worth Rs 22.15 billion across various business segments over the last two months.

The Power Transmission & Distribution Business has secured new orders worth Rs 11.37 billion from both the domestic and international markets.

Major turnkey orders were received from Paschimanchal Vidyut Vitran Nigam Limited and Purvanchal Vidyut Vitran Nigam Limited to improve the power distribution systems at Ghaziabad and Varanasi respectively. Developed under the R-APDRP schemes, L&T's scope of work involves system improvements, strengthening and augmentation of power distribution system to reduce ATC losses and improve consumer supply with SCADA compatibility.

Larsen & Toubro Oman LLC (LTO), a subsidiary of L&T, has bagged an order from Oman Electricity Transmission Company S.A.O.C for the turnkey construction of a 132/33 kV substation at Izki Phase III. The 400 kV phase is being executed by the subsidiary.

Additional orders have also been received from various ongoing jobs of the business.

The Buildings & Factories Business of the company has secured a new international order including add-ons in the domestic market worth Rs 9.62 billion.

LTO has won a repeat order worth Rs 7.32 billion (119 million USD) from a prestigious client for the construction of a commercial project and its site-wide infrastructure in the Sultanate of Oman. The scope involves civil, structural, architectural, electro-mechanical, finishes, specialty lighting, lifts, ICT systems, landscaping, water features, swimming pools and car parking. The project is scheduled to be completed in 25 months.

Additional orders worth Rs 1.16 billion have also been received from other businesses of L&T Construction.

Shares of the company declined Rs 8.45, or 0.46%, to trade at Rs 1,835.05. The total volume of shares traded was 119,353 at the BSE (12.17 p.m., Tuesday).

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