LTLarsen & Toubro

L&T's power transmission arm wins 'mega' orders in Saudi Arabia, the UAE and India

L&T said its power transmission and distribution business won orders in Saudi Arabia, the UAE and India. The company puts a mega order at ₹10,000 crore to ₹15,000 crore.

Price, Monday's close₹3,750.00▲ 1.53%
Last 5 days
52-week low ₹3,288.1052-week high ₹4,440.00
Sector
Construction and engineering

What happened

  • L&T's power transmission and distribution business won orders in three markets, according to Business Upturn and Upstox.
  • In Saudi Arabia the work covers 380 kV transmission and substation projects. In the UAE it covers 132/11 kV substations and cabling. In India it is a transmission system in Visakhapatnam for a private developer.
  • The orders fall in L&T's 'mega' category, which the company defines as ₹10,000 crore to ₹15,000 crore. Individual order values were not disclosed.
  • The shares closed at ₹3,750, up 1.53%.

Why it matters

Good to know: L&T describes order sizes in bands rather than exact amounts. 'Mega' is its label for the ₹10,000 crore to ₹15,000 crore band.

Key facts

Business
Power transmission and distribution
Locations
Saudi Arabia, UAE, India
L&T 'mega' band
₹10,000–15,000 crore

Read the source

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Larsen & Toubro in the news before

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