Larsen & Toubro bags huge ‘energy’ contracts within and beyond borders
Category: #headlines  By Pranali Mehta  Date: 2021-02-23
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Larsen & Toubro bags huge ‘energy’ contracts within and beyond borders

Indian multinational technology, engineering, construction, manufacturing, and financial services conglomerate Larsen & Toubro, reportedly, on Monday, stated that its power transmission and distribution business has snagged large contracts domestically as well as overseas.

The company stated that the Power Transmission & Distribution (PT&D) division secured two engineerings, procurement, and construction (EPC) orders to deploy over 400 MW solar photovoltaic projects in Gujarat, affirming its dominance in the renewable energy space.

Larsen & Toubro also acquired a 765kV double circuit transmission line package order in Rajasthan via a project-specific transmission firm, confirmed sources.

In West Bengal, the company secured another order for the construction of 132kV and 220kV transmission lines. The supply and installation of high voltage distribution systems will be limited to certain districts on a turnkey mode, cited credible sources.

Moving to southern India, the EPC giant won an order for a 400 kV substation in Tamil Nadu, aimed to address the future load spike of the Coimbatore region and to reinforce the evacuation system of a forthcoming pumped storage power plant.

In Qatar, the organization bagged an order to install a line connecting current limiting reactors for the first time in the nation’s network. This project will help improve the grid stability and allow the use of current switchgear without any major changes as the country’s electricity network continues to expand.

Whole-Time Director & Senior Executive Vice President (Utilities), L&T, Madhava Das, on the matter, said that the orders are a testimony to the fact that L&T is distinctively positioned as a dependable EPC player to execute projects, from electrification to energy transition with speed and scale, to utilities and developers worldwide. 

Although the financials for the deal weren’t disclosed, considering the specifications, industry experts cited that the contracts range between USD 2,500 million and USD 5,000 million.

Source Credits –

https://www.moneycontrol.com/news/business/larsen-toubro-wins-large-contracts-in-power-transmission-segment-6554291.html

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Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

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