Wednesday 10 December 2014

L&T Construction bags orders valued Rs.2008 cr

The construction arm of L&T has won orders worth Rs. 2008 crores including two new international orders in the months of November and December 2014.

Power Transmission & Distribution Business:

An international EPC order has been won from an Algerian transmission utility company - SONELGAZ – GRTE (National Society for Electricity and Gas). The order isfor engineering, procurement, construction, testing and commissioning of 220/60 kVEHV substation at Bougzoul. The scope includes the construction of an air insulated substation comprising 220/60 kV bays, protection and substation automation systems, a DC system and auxiliaries. The contract encompasses design and for engineering, procurement, construction, testing and commissioning of 220/60 kV EHV substation at Bougzoul. The scope includes the construction of an air insulated substation comprising 220/60 kV bays, protection and substation automation systems, a DC system and auxiliaries. The contract encompasses design and On the domestic front, the business bagged an order in Jammu & Kashmir from the Power Grid Corporation of India Limited for the supply and erection of transmission lines as part of tower packages 02 & 03. The order involves setting up 220 kV single circuit and 66 kV double circuit transmission lines with associated transmission & interconnection systems.

Another transmission line order has been received from the Bihar Grid Company Limited for the supply and erection of 132 kV and 220 kV double and single circuit transmission lines. This is a part of tower packages which are associated with
strengthening Bihar’s electric transmission system.

The business has also received an order from Purvanchal Vidyut Vitran Nigam Limited for rural electrification works to be carried out under RGGVY -12th Plan on turnkey basis in Ghazipur district of Uttar Pradesh.

Additional orders worth Rs. 319 crores have been received for various transmission line and substation works of various ongoing jobs.

Buildings & Factories Business:

The Business has secured orders worth Rs. 920 crores.

A major international order has been bagged for the construction of a midfield airport terminal building and car park at Abu Dhabi against stiff international competition.

On the domestic front, an order has been secured from one of the world’s leading two-wheeler manufacturers for the construction of various buildings for their upcoming manufacturing plant in Gujarat. The scope involves civil, structural and other associated works.

Heavy Civil Infrastructure and Water & Renewable Energy Businesses:

Orders worth Rs. 30 crores have also been received from various ongoing jobs of Heavy Civil Infrastructure and Water & Renewable Energy Businesses.

At 11.11 AM, the stock was down 0.27 % at Rs. 1,557. The stock has hit a high of Rs. 1,566 and a low of Rs. 1,549.25.

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