L&T wins new orders for power transmission & distribution business; share close higher

Larsen & Toubro’s (L&T) Power Transmission & Distribution (PT&D) vertical has won new orders in the Middle East and Africa for expanding and strengthening the electricity grids at high-voltage levels. The orders include the implementation of an Energy Management System for a country-wide electricity network. One of the orders that the business vertical has won in a consortium with a leading original equipment manufacturer to build the new National System Control Centre for Kenya. The transmission hub will manage the power flow in the country by integrating diverse generation sources and by despatching power based on merit order.

The hub will be a crucial element in Kenya’s grid for ensuring stable, efficient and reliable operations in view of variable renewable energy sources getting added and the high-voltage regional interconnections being established. The scope also involves the implementation of a backup energy management system at a distant location. L&T will leverage its experience in executing transmission & distribution projects and its expertise in Digital Energy Solutions for this project.

In the Middle East, new orders have been secured for the turnkey construction of high-voltage transmission lines in Saudi Arabia. Additional Gas-Insulated Substation orders have been received in an ongoing power system expansion project in Qatar.

Larsen & Toubro is an Indian multinational company engaged in technology, engineering, construction, manufacturing, and financial services.Ahead of its Q2FY25 results, the shares of L&T closed at ₹3,402 apiece, half a percent higher on the NSE.