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Larsen & Toubro bags contracts worth Rs 853 crore + Stock Jumps

July 13, 2007

Larsen & Toubro has bagged contracts worth Rs 853 crore.

The company has secured an order valued at Rs 366 crore from the Abu Dhabi Water & Electricity Authority for design, supply installation and commissioning of the two 132/22 kV substations at Saadiyat Island, Abu Dhabi. Each Substation consists of 132 V gas insulated switchgear 22 kV gas insulated switchgear 63/80MVA 132/22 kV transformers, substation control & monitoring system, protection & telecommunication system, DC system & auxiliaries and substations. The contract will be completed within 18 months.

The company has secured another order for turnkey construction at 400/220 kV extra high voltage substations valued at Rs 200 crore from the Power Grid Corporation of India. One of these major substation is to be located at Gurgaon (Near Delhi) will be 400/220 kV gas insulated substations. The other air insulation substations will be located at Bhinmal and Kankroli in Rajasthan and Zerda in Gujarat. The scope of work includes supply, erection testing & commissioning of 315 MVA transformers, 400 kV reactors, substation automation & protection system and total civil & air-conditioning works.

ECC (company’s construction division) water and utilities group has also bagged three orders valued at Rs 287 crore.

The scrip had hit a high of Rs 2,450 today, which is also its all-time high, and a low of Rs 2,400 so far during the day. It had touched a 52 week low of Rs 978.50 on 24 July 2006.

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