L&T bags Rs 1,438cr power projects; two in gulf

Engineering major Larsen & Toubro today said it has bagged three orders worth Rs 1,438 crore from different agencies for power infrastructure-related works.

In a filing to the Bombay Stock Exchange, L&T said it has secured a Rs 800-crore order from Al Ain Distribution Co for the construction of seven electrical substations and overhead transmission line in Abu Dhabi, the capital city of UAE.

Under the contract terms, L&T will design and build electrical substations under the specifications of the international consultant PB Power, in two years.

Further, the engineering firm has also bagged a Rs 330- crore order from Abu Dhabi Distribution Company for augmentation and expansion of a 33-kV power transmission network in the gulf country.

Back home, L&T secured another power project worth Rs 308-crore from West Bengal State Electricity Distribution Company for a rural electrification project in the state.

The company would develop the rural electrification works in Jalpaiguri and North 24 Parganas districts of West Bengal, it said.

Shares of L&T were trading at Rs 626.95, up 0.71 per cent in the late afternoon trade on the BSE.