LT-big

NEW DELHI: Larsen & Toubro (L&T) on Tuesday said power transmission and distribution business of L&T Construction has bagged orders worth Rs 1,563 crore in July and August.

“The power transmission and distribution business of L&T Construction has won orders worth Rs 1,563 crore,” Larsen & Toubro said in a BSE filing.

The company said it has received a breakthrough order from Tenaga Nasional Berhad (TNB) for design, manufacture, supply, installation, testing and commissioning of a 500 kV double circuit transmission line in Malaysia.

L&T member of the board and senior EVP (infrastructure & construction) S N Subrahmanyam said: “This breakthrough we have achieved in developed and demanding market like Malaysia is an extremely significant development in our strategic thrust into new geographies … We foresee huge opportunities in the ASEAN region.”

Other orders received by the company include two orders from Oman Electricity Transmission Company, order from Dubai Electricity & Water Authority and a order each from Tamil Nadu Transmission Corporation and Power Grid Corporation of India.

Shares of Larsen & Toubro were trading at Rs 1,606.10 a share, down 1.67 per cent from their previous close on the BSE.