Larsen & Toubro bags orders worth Rs 582 Crores

by khalid on 10/02/2010 · 1 comment

Larsen & Toubro (L&T) is a technology-driven USD 8.5 billion company that infuses engineering with imagination. The company is an Engineering and infrastructure major company. Electrical & Gulf Projects Operating Company, a part of L&T’s Construction Division informed the market (BSE) that they have won four orders from various firms in India and UAE worth Rs 582 crores. The details of these orders is as under :-

1. Order Worth 155 crores from Tamil Nadu Electrical Board, Chennai, for the construction of 37 km of 400 kV Multicircuit Transmission line involving narrow base towers to be executed in 10 months and will transmit power from North Chennai Thermal Power Station Stage II to Almathy 400 kV Substation.

2. Order worth Rs 90 crores for the construction of 765/400 kV Air Insulated Substation at Unnao (UP)for Uttar Pradesh Power Transmission Corporation Limited (UPPTCL) at Lucknow. The order was secured against international competitive bidding and the entire project will be completed in two phases – First phase by 15th March 2011 and Second phase by 31st July 2011.

3. Order worth around Rs 70 crores from NLC Tamil Nadu Power Limited, for construction of 400/220kV Indoor type Gas Insulated Switchyard at 2x 500 MW NTPL Power Project, Tuticorin. The entire project is to be completed in 34 months in a phased manner for different packages.

4. Finally it has also bagged order worth 267 crores from Federal Electricity and Water Authority(FEWA) UAE. This breakthrough order was secured against stiff international competition and paves the way for wider opportunities for the company in UAE. The entire project is to be completed in a tight frame construction schedule of 13-15 months.

Share’s Data :
BSE Code : 500510
Mkt. Cap: Rs 84859 Crores
P/E: 23.50
EPS: 59.44
Face Value : Rs 2
Last dividend : 525% in May 2009
52 Week H/L : Rs 1800.00 / 557.00
Larsen & Toubro Ltd. (L&T) share’s CMP is Rs 1449.85 on 10th Feb 2010

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