Engineering and construction major L&T today said its construction division has secured orders worth Rs 1,120 crore so far this month, a large chunk of which came from abroad.
In a filing to BSE, the company said power transmission and distribution vertical under L&T Construction has secured orders worth Rs 548 crore orders from Abu Dhabi Water & Electricity Authority. This is for construction of 220 kv overhead lines, switching solutions and other related electrical works.
The USD 11.7 billion L&T operates its businesses through several independent companies including L&T Construction.
L&T Oman, a part of L&T Construction, has bagged Rs 156-crore order from a “reputed” client for the construction of an electrical sub-station and associated work, the filing said.
The Building and Factories vertical has also secured orders worth Rs 416 crore from various customers. Major wins include those for construction of factory projects, and also include contracts for additional work from various ongoing projects. However, the company did not give the locations of the orders.
L&T’s shares were trading at Rs 1,291.90 apiece at 1530 hours, down 4.16 per cent over previous day’s closing on the BSE.
