Larsen and Toubro (L&T) on Monday announced that its Renewable arm has secured a mega order from a leading developer in the Middle East to develop two Gigawatt scale Solar PV plants. The plants, it added, will have a cumulative capacity of 3.5 GW.
“The scope of the orders also includes grid interconnections encompassing pooling substations and overhead transmission lines. Detailed engineering and initial construction work are expected to commence shortly,” the company said in a regulatory filing.
Earlier last month, L&T had announced bagging a solar-cum-storage plant order in India. Now, with the fresh mega orders from the Middle East, L&T’s renewables portfolio is poised to reach 22 GWp (Gigawatt Peak) cumulative capacity, comprising solar and wind generation projects already commissioned and those in the making.
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T Madhava Das, Whole-time Director & Sr Executive Vice President (Utilities) – L&T, said, “The successive order wins and stands testimony to our proven engineering and project management capabilities to meet the requirements in terms of plant performance, workforce mobilisation, safety, quality and timeline. We cherish this level of customer trust”.
SN Subrahmanyan, Chairman & Managing Director – L&T, said, “The Middle East is far ahead in creating sustainable energy infrastructure and in providing a smart lifestyle. These orders are welcome additions to our green portfolio, as we build the company of the future with next-generation technologies.”
According to the company, the value of significant order is between Rs 1000 crore and Rs 2500 crore, large orders are worth Rs 2500 crore- Rs 5000 crore, major orders are in the range of Rs 5000 crore- Rs 7000 crore and mega orders are worth above Rs 7000 crore.
L&T is a multinational company engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.
From: financialexpress
Financial News
