L&T wins 'large' orders for power transmission and distribution in India and Middle East

Larsen & Toubro (L&T) announced on Tuesday, January 7, that its power transmission and distribution (PT&D) vertical secured 'large' orders across India and the Middle East. According to the company’s classification, 'large' orders fall within the range of Rs 2,500 crore to Rs 5,000 crore.

Domestic push: Advanced power distribution system in West Bengal

In India, L&T bagged an order in West Bengal to implement an advanced distribution management system. This system integrates outage and distribution management functionalities to make power distribution smarter and more efficient. Through real-time monitoring and control of medium and low-voltage networks, the project aims to enhance reliability by enabling quick fault isolation and faster restoration, the company stated.

Middle East expansion: Key substation projects secured

In Saudi Arabia, L&T secured a contract for a critical 380 kV substation, designed to facilitate solar power evacuation. Similarly, in Kuwait, the company will establish a 400 kV substation to strengthen the region’s grid infrastructure.

In Dubai, the company won multiple orders to set up Extra High Voltage (EHV) substations, including a 40/132 kV substation. These projects are part of efforts to expand Dubai’s power transmission infrastructure, ensuring its position as a leading global destination for living and business.

Financial performance: Sustained growth momentum

L&T reported a 5.4 per cent year-on-year (YoY) growth in net profit at Rs 3,395.3 crore for the second quarter of FY25, compared to Rs 3,223 crore in Q2 FY24. Revenue from operations surged by 20.6 per cent to Rs 61,554.6 crore, driven by accelerated progress in the Projects & Manufacturing (P&M) segment.

The company’s EBITDA rose by 13 per cent to Rs 6,362 crore during the same period, with an EBITDA margin of 10.3 per cent.

Market reaction

L&T's shares were trading marginally higher at Rs 3,607 apiece as of 11:20 am on January 7, reflecting investor optimism over the company's growing order book and financial resilience.

Looking ahead

With these new orders, L&T continues to solidify its leadership in the power transmission and distribution space, both domestically and internationally. The projects underscore the company’s expertise in executing high-value infrastructure projects across diverse geographies.