You are here: Home » Companies » News
Business Standard

L&T's construction arm wins Rs 14.5 bn contracts including one in Egypt

Besides, Power Transmission & Distribution Business has bagged orders worth Rs 5.68 billion

Larsen And Toubro

Press Trust of India  |  New Delhi 

Larsen & Toubro, L&T

Infrastructure major Larsen & Toubro (L&T) on Tuesday said its construction arm has won contracts worth Rs 14.54 billion including one in Egypt.

The Smart World & Communications Business Unit secured an order worth Rs 8.64 billion for implementation of 5 million Smart Meters across 16 cities of Uttar Pradesh and Haryana, the company said in a statement.

"This is a significant win for us in the smart solutions space and reaffirms our credentials as a technology leader, said S N Subrahmanyan, CEO and MD, L&T.

Besides, Power Transmission & Distribution Business has bagged orders worth Rs 5.68 billion from both international and domestic customers.

"In Africa, the business has bagged a breakthrough order from the Egyptian Electricity Transmission Company for turnkey construction of the Sokhna 500/220kV Gas Insulated Substation," the statement said.

In the domestic market, Sterlite Power Grid Ventures awarded an order for a project involving engineering, procurement and construction of 765kV, 400kV and 220kV Transmission Lines associated with Goa Tamnar Transmission Project Limited, it said.

Further, the business has secured an order from Chamundeshwari Electricity Supply Corporation, a Karnataka Government undertaking, for turnkey execution of power distribution system to strengthen works in several subdivisions of the Mysuru area.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with $17 billion in revenue.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 02 2018. 16:49 IST