Larsen & Toubro subsidiary wins Rs1,366 crore order

Larsen & Toubro Saudi Arabia LLC has won a Rs597-crore order for construction of 225 km of 380kV transmission line project

Larsen & Toubro said its subsidiary has won Rs1,366 crore order from Gulf region for construction of transmission lines and substations.

The engineering & construction major said its subsidiary Larsen & Toubro Saudi Arabia LLC has won a Rs597-crore order for construction of 225 km of 380kV transmission line project.

"The scope of the project involves complete engineering, supply installation and commissioning of towers, conductors, insulators and fittings," it said in a release, adding that the project would be completed in two years.

The company has also won two engineering, procurement and construction (EPC) orders aggregating Rs497 crore.

The first order, valued at Rs422 crore from Abu Dhabi Ports Company, is for construction of five medium voltage substations and associated 33kV cabling works for Khalifa Port & Industrial Zone project.

The second order, which involves construction of 132kV cabling and associate works from Dubai Electricity & Water Authority, is worth Rs75 crore and would be executed in 11  months, it said.

It has also bagged a Rs185 crore "breakthrough" order from Qatar General Electricity & Water Corporation for engineering, supply, installation and commissioning of 66 km of 220kV underground cabling works.

"This order... is the first 220kV cable order for L&T in Qatar and this has been bagged against stiff competition from international cable OEMs," it said.

On Tuesday, L&T ended 0.74% down at Rs1,646.20 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.31% to 17,560.30.

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Lanco Infratech wins EPC order in Iraq

The project is scheduled to be completed in 16 months

Lanco Infratech Ltd (LITL) said that its EPC (engineering, procurement and construction) division has won its first international order in Iraq for AKAZ Power Plant of capacity 2x125 MW in Al-Anbar Province.

The scope of work includes EPC of an open cycle gas based thermal power plant with two (02) frame (9E) gas turbine generator sets supplied by General Electric International, Inc. The project is scheduled to be completed in 16 months.

L Madhusudhan Rao, Executive Chairman, LITL, said, "During the last fiscal, we have been actively bidding for new external contracts and have procured 1,200 MW thermal EPC order from Moser Baer Group Company, BoP order from Mahagenco for their 1,980 MW Koradi Thermal power plant near Nagpur and also 75 MW solar EPC order from Mahagenco to name a few".

With this, the order backlog for the LITL group on consolidated basis is Rs30,900 crore. This is the total value of unexecuted orders as of 31 March 2011 and new orders received till date.

On Tuesday, LITL ended 0.54% down at Rs27.55 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.31% to 17,560.30.

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Monsoon session to commence from 1st August

The much-talked about Lokpal Bill is expected to be tabled in the Monsoon session

New Delhi: The Monsoon Session of the Indian Parliament will be held from 1st August one to 8th September. A decision to this effect was taken at a meeting of Cabinet Committee on Parliamentary Affairs (CCPA) headed by finance minister Pranab Mukherjee, reports PTI.

After the meeting, parliamentary affairs minister Pawan Kumar Bansal said that the committee decided to recommend to the president to convene the session from 1st August.

"The CCPA has decided to recommend to the president for summoning the session of two houses of Parliament on 1st August and given the contingencies and exigencies of the work, it is likely to go up to 8th September," he told reporters.

Asked why the session was delayed, Mr Bansal said, "There have been instances in the past also where the session has been held in August."

On the Women's Reservation Bill, the minister said, "The government's seriousness on the issue showed when it got it into Rajya Sabha and also took a little unpleasant dose to see that it is passed."

The government has already announced its plans to bring the much-talked about Lokpal Bill in the Monsoon session.

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