L&T Constructions bags Rs 5,250 crore order from Qatar company
Larsen & Toubro (L&T) Construction announced that it won an order of $817 million (Rs 5,250 crore) in the Middle East. This was one of its single largest order won in the Middle East and came from Kahramaa, Qatar General Electricity and Water Corporation. The contract is for the Kahramaa's ongoing Qatar Electricity Transmission Network Expansion Plan – Phase XIII.
The Rs 5,250 crore order will involve the engineering, procurement and construction of 30 new Gas Insulated Substations of varying voltage levels of 220 kV, 132 kV and 66 kV and approximately 560 km of 132 kV and 66 kV of underground cables under various definite and framework packages. The work of the project are spread all over the State of Qatar including both freshly developed as well as already developed areas.
The project is scheduled for completion in phases from 15 to 32 months.
S N Subrahmanyan, Deputy Managing Director and President, L&T said, “The development drive in the Sultanate of Qatar is in high gear and we are proud to be partnering in it by bagging yet another prestigious project from Kahramaa. We have been associated with Kahramaa for over a decade which has put in place a programme well ahead of its times to provide sufficient power and water for the Sultanate. We look forward to furthering this significant strategic relationship and continue to play a key role in making Qatar proud and a very modern State.”
Shares of L&T were trading up 0.21% or Rs 3.50, at Rs 1,690 per piece at 09:59 hours on BSE.