L&T's power transmission, distribution business bags multiple orders in India, overseas
The business has bagged orders to set up two floating solar plants in India.
Larsen & Toubro (L&T) on Wednesday said its power transmission and distribution business has bagged multiple orders in the country and overseas. The business has bagged orders to set up two floating solar plants in India.
Floating solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/lake/abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil work.
There are other site-specific merits too, besides reduction of water evaporation. The power transmission and distribution (PT&D) vertical has also received orders to set up transmission lines and a gas insulated substation to integrate solar energy zones in Rajasthan and Karnataka.
These crucial links will enable the evacuation of renewable energy to load centres in various parts of the country. The company has also another order to build a gas insulated substation overseas.
"The Sultanate of Oman is integrating its multiple standalone electricity networks into a 400 kV national grid. As part of the interconnection and grid strengthening, PT&D has received orders to build a 400 kV overhead transmission line and two 400 kV grid stations," it said.
In the United Arab Emirates, the business has bagged orders to construct two substations with associated works. Larsen & Toubro is a USD 23 billion Indian multinational engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing, and services.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Hybrid Mutual Funds: Rs 50,000 one-time investment in 3 schemes has grown to at least Rs 1.54 lakh in 5 years; see list
Top 7 Multi Cap Mutual Funds With Highest SIP Return in 1 Year: Rs 27,777 monthly SIP investment in No. 1 scheme has converted into Rs 3,91,609; what about others?
Rs 5,000 SIP for 40 years vs Rs 50,000 SIP for 20 years: Which can create higher corpus? See calculations to know it
01:38 PM IST