PHOTO
High-voltage power lines and transmission tower, outlined against a blue sky; Power grid infrastructure. Image used for illustrative purpose. Getty Images
Al-Babtain Power and Telecommunication Company has secured a contract from Larsen & Toubro (L&T) Saudi Arabia to supply overhead transmission line steel towers valued at 390 million Saudi riyals ($103.98 million).
The towers will be supplied for the new 500kV high-voltage direct current (HVDC) overhead transmission line for the central-south interconnection link (Portion II), the company said in a statement to the Saudi stock exchange on Monday.
The contract has a duration of 24 months.
The order is expected to positively impact the company’s fourth quarter 2025, the statement said.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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