Larsen & Toubro wins Rs 1,000-2,500cr worth EPC contracts in Saudi Arabia
Larsen & Toubro (L&T) said that its power transmission and distribution business has bagged multiple engineering, procurement, and construction (EPC) contracts in the ongoing quarter for transmission lines and substations in Saudi Arabia.
The Indian conglomerate didn’t specify the exact contract values, but indicated their total worth to be in the range of INR 1,000 to 2,500 crores.
Larsen & Toubro said that its power transmission and distribution business will execute EPC for more than 400km of 380kV overhead transmission lines and a new 230kV gas insulated substation with related automation and protection systems.
Larsen & Toubro wins Rs 1,000-2,500cr worth EPC contracts for its power transmission and distribution business in Saudi Arabia. Photo courtesy of Batmaniacs/Wikipedia.org.
The Indian group stated: “The transmission network strengthening augurs well for providing reliable, safe and efficient electricity supply as Saudi Arabia is embarked on an ambitious National Renewable Energy Program towards attaining optimal generation mix as envisaged in its strategic vision for 2030.
“These repeat orders from the largest electric energy system provider in MENA region demonstrate the core strengths of the business and the customer confidence it has gained over decades of its association in the Kingdom.”