New orders have been won by L&T's Power Transmission & Distribution Business in the Middle East. A reputable service provider to the energy sector has given the contractor an order to build a 220kV Gas Insulated Substation and related Transmission Lines in the UAE. In addition, a public services infrastructure business in Dubai has given orders to develop two new 132kV Substations, and another order has been gained for the construction of a 220kV overhead Transmission Line in the area.
The turnkey construction of 4 additional 132kV substations in Kuwait's Al Sabah medical district has been ordered. The scope also covers related Civil & Mechanical works as well as accompanying Control, Protection, Automation, and Communication systems. There have been further orders placed for the ongoing projects in Qatar and Saudi Arabia.
The Indian engineering behemoth claimed to have orders worth over $122 billion in the works for the upcoming nine months, a 34% increase over the same period last year and a bigger growth than the 14% seen over the previous quarter. The construction giant announced a better-than-expected first-quarter profit last month, helped by excellent results at its main engineering and construction business, and allowed buyback of shares worth up to 100 billion rupees. As a result, the company's stock reached a new high.
Infrastructure projects, the company's largest business division, received orders totaling $4.8 billion, up from $2.23 billion in the previous year, with international orders accounting for 35% of the total.