L&T unit wins major power project contracts in GCC
MUMBAI/RIYADH, February 7, 2024
India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that one of its key subsidiaries - Power Transmission & Distribution (PT&D) - has secured large multiple orders - valued in the range of Rs25 billion to Rs50 billion ($301 million to $602 million) - from its prime GCC markets.
Its biggest order in the region came from the Kingdom of Saudi Arabia for the turnkey construction of a 380kV substation.
The business has also won substation and voltage conversion orders from hydrocarbon companies in Kuwait as well in the kingdom. In an ongoing 220kV power supply project in the UAE, an additional order has been secured.
This comes close on the heels of PT&D's win of two big power project contracts from the GCC region in December last year.
The first was an order from the UAE for providing engineering, procurement, construction, installation (EPCI), testing and commissioning services for a 400/132kV substation, while the second one was from Kuwait for an order to establish 400kV overhead transmission lines along with associated 400kV underground cable interconnections.
L&T also also bagged another major order from Saudi Arabia to provide turnkey EPC services for setting up renewable energy, power utilities and water systems for Saudi Arabia's ultra-luxury tourism destination, Amaala, in the Red Sea region.-TradeArabia News Service