L&T bags Rs 864-cr order from Qatar's KAHRAMAA

Larsen & Toubro today said power transmission and distribution business of L&T Construction has bagged orders worth Rs 864 crore from Qatar General Electricity and Water Corporation 'KAHRAMAA'.

"The power transmission and distribution business of L&T Construction has won a prestigious order in the Middle East from Qatar General Electricity and Water Corporation 'KAHRAMAA' worth QAR (Qatari Riyal) 491.45 million (Rs 864 crore)," Larsen & Toubro said in a BSE filing.

The company further said the order is ongoing Qatar Electricity Transmission network expansion plan - phase XII.

"The order encompasses the engineering, procurement, and construction of two substation packages. The first substation package includes upgradation and strengthening of two 400kV substations and the extension of a 132kV substation while the second package is for construction of 4 new 66kV substations," it added.
 

Shares of L&T were trading at Rs 1,635.40 apiece, up 0.60 per cent, from their previous close on BSE.