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Larsen & Toubro bags multiple projects in domestic market

Larsen and Toubro (L&T) on Friday announced bagging multiple 'significant' contracts in the domestic market.

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L&T board will consider share buyback and special dividend
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31 March 2023 3:46 PM IST

Larsen and Toubro (L&T) on Friday announced bagging multiple 'significant' contracts in the domestic market.

In a statement, L&T said that its power transmission & distribution (PT&D) business has secured multiple significant domestic EPC (engineering procurement and construction) orders. According to L&T's classification, significant orders are worth the range of Rs 1,000 crore to Rs 2,500 crore.

The PT&D business has secured orders to establish 765kV and 400kV gas-insulated substations to serve as pooling substations at the RE zone of Khavda Renewable Energy park in Gujarat's Kutch region.

Further it added, large renewable energy (RE) zones are being developed that house several solar and wind projects from various developers in contiguous land parcels, the company said adding power generated from such individual projects is collected at pooling substations, located in the vicinity, and then re-distributed to intra-state and inter-state transmission networks.

The PT&D business has bagged another order to establish 765kV gas-insulated and air-insulated substation bays at the pooling and remote end substations at the upcoming RE zone in the Kurnool district of Andhra Pradesh.

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