L&T construction arm wins orders worth Rs2,503 crore
Moneylife Digital Team 31 December 2010

Larsen & Toubro Ltd (L&T) said its unit Electrical & Gulf Projects Operating Company (E&GP OC) has won domestic and international projects worth Rs2,503 crore in the third quarter of 2010.

The projects ranged from establishment of power transmission lines and sub-stations to railway construction work.

In the domestic market, the company secured projects worth Rs1,516 crore, including a Rs290 crore project for setting up a 10x270-MW thermal project for Indiabulls, L&T said in a filing to the Bombay Stock Exchange (BSE).

In addition, the company secured a Rs375 crore order from Rajasthan Rajya Vidyut Prasaran Nigam Ltd for laying a 765-kV transmission line from Anta to Phagi and establishing a 220/132-kV gas insulated sub-station at Mansarovar.
Furthermore, E&GP OC was awarded a Rs103 crore project by KSK Mahanadi Power Company Ltd for laying a 400-kV transmission line in Chhattisgarh.

The company also won a Rs300 crore turnkey project from GMR for establishing 400-kV sub-stations at Alwar and Deedwana, in Rajasthan, besides associated transmission lines.

A Rs190 crore project for track-doubling work between Ariyalur and Valadi in Tamil Nadu, including overhead electrification, signalling and telecommunication works, was also bagged by the company.

In the overseas market, the company secured projects valued at Rs987 crore from GCC (Gulf Cooperation Council) countries, including seven sub-station projects and projects for laying a total of 153km of transmission lines during the third quarter, the release added.

On Friday, L&T ended 0.35% up at Rs1,979.05 on the BSE, while the benchmark Sensex closed 0.59% to 20,509.09 points.

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