L&T construction arm bags significant orders for PT&D biz
Mar 31, 2023 11:15 AM | Source: capitalmarket.com
Larsen and Toubro (L&T) said that its construction arm has secured significant multiple domestic EPC order for its power transmission & distribution (PT&D) business.
 |
As per the L&T classification, the value of the order lies between Rs 1,000 crore to Rs 2,500 crore
The PT&D business has secured orders to establish 765 kilovolt (kV) and 400kV gas insulated substations, to serve as pooling substations, in the Khavda large renewable energy (RE) zone.
Another upcoming RE zone is in the Kurnool district of Andhra Pradesh where gigawatts of solar and wind energy generation projects are being developed. The business has won an order to establish 765kV gas insulated and air insulated substation bays at the pooling and remote end substations.
The combined scope of these substation packages includes more than 7 km of gas insulated bus ducts, bus reactors and protection & automation systems.
Further, the PT&D business has also bagged orders to develop distribution infrastructure in two circles of Rajasthan's prominent discom.
"As the country's power generation evolves, Large Renewable Energy (RE) zones are being developed that house several solar and wind projects from various developers in contiguous land parcels. The 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. One such RE zone, the Khavda RE park being developed in Gujarat's Kutch region, will be one of the largest of its kind in the world," The company said in exchange filing.
Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.
The company posted a consolidated net profit of Rs 2,553 crore in Q3 FY23, registering a growth of 24% from Rs 2,055 crore recorded in Q3 FY22. Net sales rose 17.3% year on year to Rs 46,389.72 crore in Q3 FY23.
The scrip was up 0.27% to Rs 2,152.70 on the BSE.