The contract was awarded under the company’s engineering, procurement, and construction (EPC) business vertical.
As part of the project, the engineering major will build a new zinc purification and cellhouse facility at Hindustan Zinc’s Debari complex near Udaipur.
Elsewhere, L&T’s buildings and factories vertical has been active too. Last week, it reported new orders worth between ₹2,500 and ₹5,000 crore.
The project, located strategically across Nashik and Thane districts of Maharashtra, is designed to have an installed capacity of 1,500 MW.
Here are some of the stocks that may see significant price movement today: Bharat Electronics, Asian Paints, Larsen & Toubro, etc.
The first contract will be executed on engineering, procurement and construction (EPC) basis under the Rajasthan Rural Water Supply and Fluorosis Mitigation Project Phase II, Package 1.
In addition to this relationship for the substation, L&T has also won an order for the turnkey construction of a transmission line in the same area.
This partnership will help increase access to 24/7 renewable energy, which is essential to meeting global sustainability targets.
Subramanian currently serves as the wholetime director and president of energy vertical in the company.
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