India’s leading engineering and construction conglomerate Larsen & Toubro (L&T) has snapped up orders worth up to Rs200 billion ($2.4 billion) in the Middle East region through its key subsidiaries – Power Transmission & Distribution (PT&D) and L&T Energy Hydrocarbon (LTEH).
The PT&D unit has secured large power infrastructure orders – valued in the range of Rs25 billion to Rs50 billion ($301 million to $602 million) in the GCC region, while its LTEH unit has the letter of intent for an order in the range of Rs100 billion to Rs150 billion ($1.2 billion to $1.8 billion).
Unveiling the details, L&T said its PT&D Business has bagged an order from Saudi Arabia for turnkey construction of a 380kV substation with associated overhead transmission lines in addition to another big order from Kuwait for construction of five substations to provide reliable and efficient power supply to an upcoming residential city.
Additional orders have been won in ongoing substation orders in Qatar, said L&T.
In a significant breakthrough, L&T said its hydrocarbon unit had received a letter of intent for a mega offshore order from a prestigious client in the Middle East.
Under this, LTEH will be providing engineering, procurement, construction and installation (EPCI) services to its client for a new large offshore platform and brownfield work of integration with existing facilities.
The Indian construction giant’s hydrocarbon business is executing several domestic and international offshore projects and is committed to expanding its regional presence across adjacent and business-conducive geographies, it stated.
On the big win, Subramanian Sarma, Whole-time Director and Senior Executive Vice President (Energy), L&T, said: “This mega order from a new customer reaffirms global acknowledgment of our capabilities and marks a key milestone for our offshore business.”
“Our focus continues to be on enhancing competencies and leveraging opportunities arising from our core markets,” he added.