L&T wins Rs 2,500-5,000 crore grid infrastructure orders in Middle East; stock trades mildly lower

Larsen & Toubro Ltd (L&T) on Monday announced that its Power Transmission & Distribution (PT&D) business has secured a series of 'large' grid infrastructure orders worth between Rs 2,500 crore and Rs 5,000 crore in the Middle East. Shares of L&T were trading mildly lower at Rs 3,770 on Monday, down 0.37 percent on the NSE.

The new orders include key projects in the UAE, Saudi Arabia, and other Gulf countries. L&T has a strong presence in the region’s power transmission and renewable integration segments. The Indian EPC major classifies orders in the range of Rs 2,500-5,000 crore as 'large'.

One of the marquee contracts involves the construction of a 400kV substation in the UAE, part of the ongoing 400kV super grid interconnection linking the electricity networks of Gulf Cooperation Council (GCC) member states. The project will establish a direct 400kV link between Oman and the rest of the GCC grid, improving regional energy security and enabling more efficient use of generation capacity.

L&T has also secured contracts for a series of new 132kV substations in the Middle East to support rising electricity demand. In Saudi Arabia, the company received an order for turnkey construction of 380kV overhead transmission lines associated with the integration of renewable energy power plants.