return to news
  1. L&T gains on winning new orders for power transmission & distribution business

Market News

L&T gains on winning new orders for power transmission & distribution business

Upstox

2 min read | Updated on January 07, 2025, 15:23 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

In Saudi Arabia, an order for a key 380kV Substation, which will facilitate the evacuation of solar generation, has been secured. Then, at a major city project in Kuwait, PT&D won a 400kV Substation order.

Stock list

Larsen & Toubro (2).webp

L&T gains on winning new orders for power transmission & distribution business

Shares of L&T jumped over nearly 2% after the company secured orders in the Middle East for its Power Transmission and Distribution vertical.

Larsen & Toubro (L&T) has won new orders for its Power Transmission & Distribution (PT&D) vertical in India and the Middle East. It has won an order to implement Advanced Distribution Management System in West Bengal.

This technology makes power distribution smarter by combining Outage Management System and Distribution Management System functionalities. Through real-time monitoring and control of medium and low-voltage networks, the reliability of the network will be enhanced with quick fault isolation and faster restoration.

In Saudi Arabia, an order for a key 380kV Substation, which will facilitate the evacuation of solar generation, has been secured. Then, at a major city project in Kuwait, PT&D won a 400kV Substation order.

In Dubai, PT&D has bagged orders for establishing a set of EHV substations, including a 400/132kV Substation. Several substations are being added to the Emirate’s power transmission infrastructure as it seeks to remain a preferred destination for living, working, and visiting.

In December, the company received a major contract from the Ministry of Defence, Government of India, for the supply of K9 Vajra-T Artillery Platforms to the Indian Army. K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform adapted from the world’s leading South Korean self-propelled howitzer K9 Thunder, was co-developed by L&T and Hanwha Aerospace to suit the Indian Army's customised requirements for operations in varied terrains, including deserts, plains, and high-altitude regions.

Larsen & Toubro (L&T) is an Indian multinational company that provides technology, engineering, construction, manufacturing, and financial services.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story