L&T shares surge over 1% after bagging ₹2,500-5,000 crore desalination plant order in Saudi

“WET had won the order in a joint venture with Lantania of Spain, wherein it happens to be the lead partner,” the company said in a regulatory filing.

The WET-Lantania joint venture signed a contract with ACWA Power, a major developer in the Middle East to build the Ras Mohaisen Desalination plant in the Kingdom of Saudi Arabia, L&T said.

The project will involve designing, procuring, constructing, testing and commissioning a seawater reverse osmosis desalination plant.

The scope of the order extends to intake and outfall facilities, process units, pumping stations, a 600,000 cubic meters potable water storage facility, an electrical special facility and associated works, along with automation and instrumentation systems. A solar PV plant is also part of the project’s range.

With a capacity of 300,000 m3 a day, the Ras Mohaisen Desalination plant will serve as a drinking water source for the Makkah Al-Mukarramah and Al-Baha regions, benefiting about one million people.

This is the second desalination project that L&T has received in Saudi Arabia in the recent past.

The Ras Mohaisen Desalination plant project not only strengthens the conglomerate’s presence in the Middle East but also underscores its “resolve to expand its regional footprint across all neighboring and business-conducive geographies,” L&T further said.

Shares of L&T are trading in the green at ₹3,215.95 apiece, up 0.70% as of 12:08 pm.

Larsen & Toubro (L&T) has a total market capitalisation of ₹4.42 lakh crore as of March 13, 2025, on the NSE.