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Indian engineering and construction giant Larsen & Toubro (L&T) announced on Monday that its Power Transmission & Distribution (PT&D) business has secured substations and transmission lines projects in Saudi Arabia and the UAE.
In Saudi Arabia, PT&D secured orders to build a 380kV substation and 380kV overhead line while in the UAE, it secured orders to construct a 220kV substation and three 132kV substations.
While L&T doesn’t disclose specific contract values, the statement categorised the awards as ‘large,’ in the INR 25,000 million to INR 50,000 million range. ($299 million-$598 million).
(1 US Dollar = 83.73 Indian Rupees)
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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