L&T bags major power contracts in Saudi Arabia and Dubai
The deals are part of new orders worth $298m that also cover Oman and the Indian states of Rajasthan and Tamil Nadu
The construction arm of India’s Larsen and Toubro (L&T) has won contracts to build substations in Dubai and Saudi Arabia, with the latter described as a “major order” for the firm, a regulatory filing revealed.
The power transmission and distribution business of L&T's construction arm secured an engineering, procurement, and construction (EPC) contract to build 115kV substations with “associated transmission lines and cable circuits” in the kingdom.
In the same filing to the Bombay Stock Exchange, the L&T unit said it won a separate order to deliver 132kV cable works for a substation in Dubai.
The wins were part of a wider $298.7m (INR20.8bn) contract win announcement, with another unspecified extra-high voltage substation order from a “reputed” customer in Oman also revealed.
On the domestic front, the business said it also secured order from other developers to build 235MW of solar photovoltaic power projects in Tamil Nadu and Rajasthan.
The bourse missive read: “A one of its kind solar photovoltaic plan, floating on a resevoir, will be implemented in Chittoor district of Andhra Pradesh, as part of Tirupati Smart City mission.”
The news comes after a busy year for the Indian engineering and construction giant.
In July 2018, L&T announced that it had won a contract to work on a “tourism-related facility” in Oman’s capital city. The contract was one of the $438.5m (INR30bn) deals that its construction arm had won at the time through its buildings and facilities division.