Larsen & Toubro Secures Major EPC Orders in India and Middle East, Shares Climb 1.8%
Power Transmission & Distribution Vertical Wins Contracts Worth ₹5,000 Crore to ₹10,000 Crore
Larsen & Toubro Ltd. on Wednesday, February 25, announced that its Power Transmission and Distribution vertical has secured major engineering, procurement, and construction contracts in India and overseas markets. The company categorizes orders in the ₹5,000 crore to ₹10,000 crore range as major.Following the announcement, the company’s shares moved higher in early trade, reflecting investor optimism around the fresh order inflows.
Grid Modernisation Projects in West Bengal
In India, the company has received an order to design, supply, and construct two 220 kV gas insulated substations in the Durgapur Raniganj Asansol industrial belt of West Bengal.The scope of work also includes associated transmission line segments featuring advanced conductors and multi circuit towers. According to the company, these grid modernisation initiatives are aimed at delivering a stable voltage profile and enhancing power network reliability to support infrastructure and industrial growth in the region.
Middle East Orders Include 500 kV Transmission Projects
In the Middle East, the company has secured turnkey orders from key utilities for the construction of five substations along with over 250 kilometres of transmission lines. These projects span three countries in the region and go up to the 500 kV level.In one of the projects, the scope includes the supply and installation of a 400 kV underground cable system, further strengthening high capacity transmission infrastructure in the region.
The contracts collectively involve the establishment of critical elements of the electricity grid system across geographies.
LIGO India Observatory Order Adds To Order Book
A day earlier, two business verticals of the company, Heavy Civil Infrastructure and Heavy Engineering, jointly secured a significant order from the Centre’s atomic energy department to set up the LIGO India Observatory in Hingoli district, Maharashtra.Share Price Update
Shares of Larsen & Toubro are trading 1.8% higher on Wednesday at ₹4,335.8 following the contract announcement. The stock is currently near its 52 week high of ₹4,440, a level it touched on Tuesday before reversing and closing nearly 4% lower amid a broader market sell off.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.