L&T Construction bags orders for its Power Transmission & Distribution Business; Stock surges 1.5%

27 Dec 2022 , 02:30 PM

Larsen & Toubro-led the Power Transmission & Distribution Business of L&T Construction has secured multiple major EPC orders in India and overseas.

As per the said release, the Renewables arm of the Business has received an EPC order to establish a 90MW Floating Solar PV Plant at the Omkareshwar dam reservoir, a large water body without much change in the water level throughout the year, in the Khandwa district of Madhya Pradesh. This water body is emerging as one of the largest floating solar parks in the world. 

Further, in western Uttar Pradesh, the Business will undertake works for the development of distribution infrastructure under the revamped reforms-linked distribution scheme. The scope of this loss reduction package includes asset mapping using Geospatial Information System (GIS), the company said.

In the overseas market, the Business has received an order for establishing 400kV & 225kV transmission lines in North Africa.

The Business has also won an order for building a 132kV substation in the coastal town of Bintulu in Sarawak, Malaysia, the company informed on Tuesday.

At around 2:28 PM, Larsen & Toubro was trading at Rs2119.65 per share higher by 1.52% on the BSE.

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