L&T bags $200mn GCC power grid contracts
Indian company wins deals in Kingdom of Saudi Arabia and Oman.
India’s Larsen & Toubro (L&T) has won power transmission and distribution grid contracts in the Kingdom of Saudi Arabia and Oman worth INR 12.6bn ($200mn).
The company clinched a contract from National Grid Saudi Arabia (a subsidiary of Saudi Electricity Company) for engineering, procurement and construction works (EPC) of cabling work in Hail city.
It will build a 132 kV double circuit transmission line in Turaif, Qaseem and Hail areas of Saudi Arabia.
A major order was received by a government agency to design and build 66 kV substations with associated cabling works in the GCC market, it added.
L&T's Oman subsidiary received an order from Oman Electricity Transmission Company for EPC works on a new 132/33 kV Salalah Free Zone-2 grid station.
The grid deals were part of a package of contracts L&T won in the GCC worth $360mn across various sectors in May and June.