L&T moves with market

about 27 days ago
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L&T is moving in tandem with the market ups and downs. Just like the market, it opened in the positive at Rs.1189.90 vis-à-vis its previous close of Rs.1181.80; then the market got into the negative and L&T also followed suit – it went down to an intraday low at Rs.1175.65 and currently rules around the same levels.

The company announced today morning that L&T Construction’s Water Et Effluent Treatment Business secured an order from a prestigious client in the Sultanate of Oman for the design and execution of a water infrastructure project to enhance the Al Dhakhlia Water Transmission System, Phase - II.

This is a repeat order from the client and has been secured under international competitive bidding.

The scope of work includes 173 km of pipelines for water transmission with associated civil works, 18 RCC water storage reservoirs, 5 pumping stations with associated Mechanical, Electrical, Control and Instrumentation works.

And prior to that, yesterday, its Power Transmission & Distribution Business announced getting new orders in India and overseas.  

This includes:

  • In Bangladesh, the business has won a turnkey order for design, supply, installation and commissioning of power transmission infrastructure for the 800 MW Rupsha power plant.
  • An order to build 220kV Substations in Nepal has been received.
  • In the Kingdom of Saudi Arabia, an order to establish 380kV and 230kV Transmission Line corridors has been bagged.
  • On the domestic front, the business has won an order to design and construct a 50 MW Solar Photovoltaic Plant in Tamil Nadu.

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