Indian multinational technology, engineering, construction, Larsen & Toubro (L&T) on Monday said its power transmission and distribution business has secured large domestic and overseas contracts across its spectrum of offerings.
“The Power Transmission & Distribution (PT&D) Business of Larsen & Toubro has secured two engineering, procurement, and construction (EPC) orders to establish more than 400 MW solar photovoltaic projects in Gujarat,” the company said in a statement.
However, the company did not specify the exact value, of the contracts, as per its specification, a massive contract ranges between Rs 2,500 crore and Rs 5,000 crore.
The company said it has also received a 765kV double circuit transmission line package in Rajasthan through a project specific transmission company.
In West Bengal, orders have been received to supply and install high voltage distribution systems in certain districts on a turnkey mode, the company said adding that another order to construct 220kV and 132kV transmission lines has been won from the state transmission utility.
L&T is one of the leading EPC players globally in the renewables space with a track record of having built some of the largest solar plants.
The business has won a 400 kV substation order in Tamil Nadu. This project is aimed to meet the future load growth of the Coimbatore region and to strengthen the evacuation system of an upcoming pumped storage power plant.
Reacting to the development, shares of Larsen and Toubro touched an intraday high in share price at Rs.1512 on the National Stock Exchange during the mid-session.
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