BackL&T secures `2,935 crore order from Qatar
L&T's power transmission and distribution business secures this order from Qatar General Electricity and Water Corp.
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Mumbai:Larsen and Toubro Ltd (L&T), India’s largest engineering and construction company, on Wednesday said it has secured a major international order valued at ₹ 2,935 crore from Qatar General Electricity and Water Corp.
L&T’s power transmission and distribution business has secured this order for the supply, construction and commissioning of 18 extra-high voltage sub-stations and 151 km of cabling in Qatar.
L&T had started chasing more orders overseas to shield itself against potential adversities in its home market. In June, chief executive and managing director K. Venkataramanan said in an interview that his company is bidding for more orders in West Asia, Indonesia and Malaysia. “In this financial year, $3 billion worth of orders would be finalized in these above region and we are bidding for the same," he had said.
The latest order from Qatar is part of expanding the country’s power transmission system and is the single largest order for the company in the power transmission and distribution business, it said in a statement.
The project is expected to be completed in 22 months.
“This order, won against stiff global competition, reconfirms L&T’s leadership position in this sector at GCC (Gulf Cooperation Council, the six-state economic union of the Gulf region). It also aligns well with L&T’s expansion plans in the international arena," S.N. Subramanyan, board member and senior executive vice-president, infrastructure and construction at L&T, said in the statement.
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