Larsen & Toubro (L&T), an engineering and construction conglomerate, announced that L&T Construction has won new orders worth Rs 14.23 billion across various business segments in September 2014. The heavy civil infrastructure business has bagged Rs 6.31 billion order from the Lucknow Metro Rail Corporation for the construction of the Lucknow Metro. L&T's scope includes construction of the priority section (Package LKCC 01) in the North South Corridor - 8.5km elevated viaducts and 8 elevated stations. The project was won against stiff competition and is scheduled to be completed in 24 months.
The power transmission & distribution business has bagged three orders including additional orders from on-going jobs worth Rs 7.92 billion. A turnkey order has been received from the Power Grid Corporation of India (PGCIL) for the supply, erection, testing and commissioning of a 765 kV S/C transmission line between Lalitpur to Agra in Uttar Pradesh. The contract is for the supply of 765kV EHV towers, insulator hardware materials and other transmission accessories. The order will be completed in 20 months.
Another order has been bagged from the Himachal Pradesh Transmission Corporation for the design, engineering, supply and construction of a 400/220/33kV Gas Insulated Switchgear substation at Lahal in the Chamba District of Himachal Pradesh. The contract involves commissioning of 400 kV & 220kV GIS switchgear, 220/400kV autotransformers, control relay panels, substation control system, fibre optic terminal equipment, auxiliary power system, construction of GIS and construction of the control room along with other associated civil works.
The business also received an order from the North Bihar Power Distribution Company for the supply, erection, testing and commissioning of 33/11kV power distribution network. The work, funded by the Rural Electricity Corporation, is for augmenting rural electricity infrastructure and household electrification under the 12th Plan of RGGVY scheme for prospective consumers in Bihar's Muzaffarpur District.
Shares of the company gained Rs 24.25, or 1.65%, to trade at Rs 1,491.70. The total volume of shares traded was 90,424 at the BSE (12.01 p.m., Tuesday).
