L&T Construction wins largest order from Qatar
Sanket Dewarkar / 10 Apr 2017
Meanwhile, there was lower investment and order flows from the Middle East due to the fall in oil prices, which used to be the major region from where L&T derived its revenue.
L&T Construction, has won largest single order of Rs 5250 crore, for power transmission and distribution business in Qatar, from its esteemed customer ‘KAHRAMAA”- Qatar General Electricity & Water Corporation.
Meanwhile, there was lower investment and order flows from the Middle East due to the fall in oil prices, which used to be the major region from where L&T derived its revenue.
Through this project, KAHRAMAA is willing to expand its existing power transmission network to overcome the increasing demands for power due to developmental work in the state of Qatar.
This new project will include engineering, procurement and construction of 30 new Gas Insulated Substations of varying voltage level of 220KV, 132KV and 66KV; and approximately 560 km of 132 KV and 66 KV underground cables.
The Qatar-based firm had roped in L&T for its earlier projects as well. This is a repeat order from KAHRAMAA after Phases VIII, X, XI, XI-A and the two cabling packages under Phase XII.
The completion of this project will take around 15 to 32 months.
In today’s trade, the stock of Larsen & Toubro Ltd., has opened at Rs.1685.10 per share; touched a high of Rs 1713.65; and is currently trading at Rs.1687.50 per share.
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