Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction on January 20 announced that its construction arm bagged orders for its power transmission & distribution business in Bangladesh.

The estimated value of the project is Rs 25-50 billion.The scope of these packages involves design, supply, installation, testing and commissioning of extra high voltage transmission lines on turnkey basis.

A fast-growing economy in the region, Bangladesh has embarked on a programme to alleviate infrastructure deficiencies and upgrade its power system to sustain the growth. To cater to the power demand in emerging load centers and the Greater Dhaka region, several projects are afoot including construction of the country's first nuclear power plant.

"As Bangladesh aims to achieve universal electricity access this year, the enhancement of power transfer capacity will improve the reliability and efficiency of the country's grid and facilitate integrated development of its capital and the economic growth centers. These projects also will give a fillip to the cross-border electricity trade. The recent wins strengthen the leadership position of our business that caters to Power Transmission & Distribution and Renewables EPC projects in the region," said T Madhava Das, WholeTime Director & Senior Executive Vice President (Utilities).

L&T's Power Transmission and Distribution business vertical is a leading EPC player in the field of power transmission & distribution and renewable energy.

Shares of the company gained Rs 13.4, or 0.98%, to trade at  Rs 1,383.15.  The total volume of shares traded  was  102,843 at the BSE (12.15 p.m., Wednesday).