Larsen and Toubro bags Rs.1,366 crore-worth orders from Gulf

June 21st, 2011 - 6:41 pm ICT by IANS  

Mumbai, June 21 (IANS) Construction and engineering major Larsen and Toubro Tuesday said its construction division has bagged engineering, procurement and construction (EPC) orders worth Rs.1,366 crore (about $300 million) in the power transmission and distribution space from the Gulf region.

“The order includes construction of 225 km overhead transmission line, 66 km of underground cabling, including eight substations and associated cabling works,” the company said in a regulatory filing.

Larsen and Toubro Saudi Arabia LLC, a fully-owned subsidiary of the company, has bagged the largest order of Rs.597 crore order for construction of 225 km of 380 KV transmission line project.

The scope of the work includes engineering, supply and installation and commissioning of towers, conductors, insulators and fitting. The project will be completed in 24 months.

The company has also bagged two EPC orders aggregating Rs.497 crore from the United Arab Emirates.

The first from Abu Dhabi Ports company valued at Rs.422 crore is for the construction of five medium voltage substations and associated 33 KV cabling works for Abu Dhabi Ports Company (ADPC) Khalifa project.

ADPC is responsible for development of Khalifa Port Project and this will replace the existing Mina Zayed port by 2012. This project is to be completed in 18 months.

The other order valued at Rs.75 crore, secured from Dubai Electricity and Water Authority, is for the construction of 132 KV cabling and associated works in 11 months.

The company also bagged a breakthrough order worth Rs.185 crore from Qatar General Electricity and Water Corporation for engineering, supply, installation, testing and commissioning of 66 km of 220 KV underground cabling works.

In addition, Larsen and Toubro (Oman) LLC has secured a Rs.87 crore order for the construction of 3 MV substations, including the associated 33 KV cabling works, from Muscat Electricity Distribution Company, to be completed in nine months.

At the Bombay Stock Exchange, the shares of the company closed 0.64 percent lower to trade at Rs.1,648.

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