L&T gets contracts worth Rs1,044 cr

L&T gets contracts worth Rs1,044 cr

Mumbai: Engineering firm Larsen & Toubro (L&T) Monday said it has got orders worth Rs1,044 crore for electrical projects in Gulf countries.

The company has bagged orders for the construction of electrical substations from Qatar Petroleum, Dubai Electricity & Water Authority (DEWA), Oman Electricity & Transmission Company (OETC) and Qatar’s General Electricity and Water Corporation (KAHRAMAA), L&T said in a statement.

L&T has secured orders worth Rs737 crore from Qatar Petroleum for the construction of four substations, the work for which needs to be completed in 32 months.

The company has also bagged a Rs96 crore order from KAHRAMAA, Qatar, for the construction of one substation.

Further, the company has got orders worth Rs115 crore and Rs96 crore for the construction of one substation each from DEWA and OETC.

Shares of L&T were Monday trading at Rs1,547.30, up 4.30 % from the previous close on the Bombay Stock Exchange.