- 30 Jul 2024
- ICICI Securities
L&T bagged a large order in the Power Transmission & Distribution business
LT - 3785 Change: 9.70 (0.26 %)News: L&T has bagged a large order in the Power Transmission & Distribution (PT&D) business. The order is classified as ‘large’ meaning it ranges between ₹2,500 to ₹5,000 crore. L&T has secured orders in India and abroad for establishing substations and transmission lines. 1) In India, PT&D has received orders to execute two 765kV Double Circuit Transmission Line. 2) In Saudi Arabia, PT&D has secured orders to build a 380kV Substation and 380kV Overhead line segments. 3) In the United Arab Emirates, PT&D has secured orders to construct a 220kV Substation and three 132kV Substations. Adding these substations to the network will help the utilities keep pace with the increasing electricity demand in Dubai and Abu Dhabi.
Views: The order win will help the company to achieve its order inflow target for FY25 and improve revenue visibility over next 2-3 years.
Impact: Positive