Indian construction conglomerate Larsen & Toubro (L&T) said the Middle East has been one of its key growth regions constituting almost 61 per cent of the international order book worth Rs68,773 crore ($9.3 billion). The region also accounted for 13 per cent of its total order book composition.
 
L&T is now gearing up for the Expo 2020 Dubai event where it will demonstrate its capabilities particularly in the Hydrocarbon Engineering (LTHE), Water Effluent Treatment (WET) and Power Transmission & Distribution (PT&D) businesses, as part of the Indian Pavilion.
Apart from these businesses, L&T Group companies like Mindtree, LTI and LTTS will also showcase their capabilities.
 
L&T’s portfolio strategy targets a well-balanced and geographically diversified businesses across India and international markets, said the statement from the company.
 
Its Middle East business unit that caters to the countries of the UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain has established a coveted position in the GCC region.
 
In FY21, Middle East contributed the highest order backlog after India order book, contributing 12% to its total revenue, it added.
 
On L&T’s participation at the mega event, CEO and Managing Director S N Subrahmanyan said: "The India Pavilion at the Dubai Expo 2020 offers a golden opportunity to showcase India to the world and project our country as the next hub for growth and innovation."
 
"L&T’s story has been woven with India’s growth story for over 8 decades. And we’re happy to be part of this pavilion, where we’ll show how we create brighter tomorrows through innovation, technology, and a commitment to sustainability," observed Subrahmanyan.
L&T’s leadership team will also be part of the six-month long mega event that kicks off on October 1. Expo 2020 Dubai is one of the most anticipated events in the world.
 
The Indian group’s PT&D business vertical is a leading player in the field of power transmission and distribution and renewable energy. In addition to being a dominant player in the Indian subcontinent, the business enjoys a significant share and a strong reputation in the Middle East.
 
L&T PT&D has been a provider of EPC services for several green projects in recent years. 1.5 GW Solar PV Project in Saudi Arabia is the largest overseas order for the business, said the statement.
 
The WET vertical focuses on global markets and will continue to tap business opportunities in the Middle East, it added.

Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.