Newsletter
Larsen and Toubro recently announced that its Power Transmission and Distribution arm has received a series of orders worth ₹2,500- ₹5,000 crore in the Middle East.
The deets: under the contract, the company will construct:
- A 400kV substation linking Oman and Gulf Cooperation Council’s super grid
- A turnkey project of 380kV overhead transmission lines in Saudi Arabia which will be integrated into the country’s renewable energy power plants.
- A series of 132kV substations in the Middle East to meet rising demands
This means that they are building high-voltage power stations and transmission lines across the Middle East to build a strong cross-border network & boost renewable energy.
Big picture: the power EPC (Engineering, Procurement, and Construction) market is steadily growing at the rate of 6.37% and is expected to be valued at $994.33 billion by 2030.
These series of orders reaffirm L&T’s reliability in being a trustworthy player in the energy-infrastructure segment while strengthening their presence in the Middle East.
