Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical has secured multiple large orders both domestically and internationally, strengthening their position in the power infrastructure sector.
The company has won a significant contract for setting up a 765kV Gas Insulated Substation (GIS) in western India along with the turnkey construction of an associated transmission line for power evacuation in the same region. These projects will enhance the power transmission capabilities in western India.
In the Middle East, L&T has received orders to establish two 380kV overhead transmission lines in Saudi Arabia, spanning over 130 route kilometers. These lines are designed to ensure reliable power supply to key townships around Riyadh. Additionally, the company secured turnkey orders for the construction, supply, installation, testing, and commissioning of two 132/11kV GIS substations in the UAE and a 132kV GIS in Qatar.
The company has also received additional orders for ongoing projects in India and Oman, indicating continued momentum in investments related to efficient grid infrastructure and highlighting customer confidence in L&T’s capabilities in this sector.
Key Points ✦
✦ L&T’s PT&D vertical wins new orders in India and abroad
✦ Secured order for 765kV Gas Insulated Substation in western India
✦ Additional order for turnkey construction of associated transmission line
✦ Won contracts for two 380kV overhead lines in Saudi Arabia exceeding 130 route kilometers
✦ Received orders for two 132/11kV GIS in UAE and one 132kV GIS in Qatar
✦ Additional orders received for ongoing projects in India and Oman
✦ These orders demonstrate continued investments in efficient grid infrastructure
✦ Reaffirms customer confidence in L&T’s capabilities
Potential Effect on Share Market
These new orders are likely to have a positive impact on L&T’s share price as they strengthen the company’s order book. Power Transmission & Distribution is a significant vertical for L&T, and these international and domestic orders showcase the company’s continued growth trajectory in core infrastructure sectors.
Investors typically view large order wins favorably, especially in the current economic environment where infrastructure spending remains a priority for governments globally. The international orders from Saudi Arabia, UAE, and Qatar further enhance L&T’s global footprint and reduce dependence on the domestic market.
The classification of these orders as “Large” (₹2,500 to 5,000 crore range) indicates substantial contract values, which should contribute positively to L&T’s revenue and profit projections. This news may trigger short-term buying interest in the stock and reinforce investor confidence in L&T’s business model and execution capabilities.
Company Details
Larsen & Toubro (L&T) is a USD 27 billion Indian multinational enterprise engaged in EPC Projects, Hi-Tech Manufacturing, and Services. With operations spanning multiple geographies, L&T has maintained leadership in its major business lines for eight decades through a strong customer-focused approach and constant commitment to quality.
The Power Transmission & Distribution vertical is one of L&T’s key business segments, specializing in turnkey solutions for power infrastructure projects. The company’s expertise in this sector has made it a preferred partner for utilities and governments worldwide for establishing reliable and efficient power transmission networks.
L&T is listed on both the BSE (Stock Code: 500510) and NSE (Stock Code: LT) in India. The company is known for its engineering excellence, project management capabilities, and technological innovation, making it a bellwether stock in the Indian infrastructure and capital goods sector.
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