L&T Construction bags Rs 100 bn+ Power Transmission orders
ECONOMY & POLICY

L&T Construction bags Rs 100 bn+ Power Transmission orders

Larsen & Toubro (L&T) has announced that it has received orders of significant value for its power transmission and distribution business in India and internationally, amounting to an estimated range of Rs 10 billion to Rs 25 billion. It was reported that the company has secured a new order for the construction of a 765kV transmission line. The purpose of this line is to facilitate the smooth transfer of renewable energy from the developing Andhra Pradesh wind and solar energy hub near Kurnool. In the fiscal year 2022-2023, L&T successfully secured orders worth approximately Rs 2.3 trillion. Considering the upcoming elections in March 2024, the company has provided a forecast indicating an order intake growth of 10-12% for the fiscal year 2023-2024.

The management team has emphasised that there is a high level of visibility regarding future projects, estimating a pipeline worth over Rs 10 lakh crores. This pipeline is expected to include a mix of domestic and international orders, with a ratio of approximately 65:35 respectively. Within the projected pipeline, around Rs. 6.5 lakh crores worth of projects are anticipated to be in the infrastructure, power transmission, transportation, metals, and minerals sectors. Additionally, projects worth Rs 2.5 trillion from the energy sector, particularly in hydrocarbon, are also expected.

Also read:
Amazon to Invest $15 Billion in India by 2030
L&T, DRDO ink deal for Scorpene submarines' AIP modules


Larsen & Toubro (L&T) has announced that it has received orders of significant value for its power transmission and distribution business in India and internationally, amounting to an estimated range of Rs 10 billion to Rs 25 billion. It was reported that the company has secured a new order for the construction of a 765kV transmission line. The purpose of this line is to facilitate the smooth transfer of renewable energy from the developing Andhra Pradesh wind and solar energy hub near Kurnool. In the fiscal year 2022-2023, L&T successfully secured orders worth approximately Rs 2.3 trillion. Considering the upcoming elections in March 2024, the company has provided a forecast indicating an order intake growth of 10-12% for the fiscal year 2023-2024. The management team has emphasised that there is a high level of visibility regarding future projects, estimating a pipeline worth over Rs 10 lakh crores. This pipeline is expected to include a mix of domestic and international orders, with a ratio of approximately 65:35 respectively. Within the projected pipeline, around Rs. 6.5 lakh crores worth of projects are anticipated to be in the infrastructure, power transmission, transportation, metals, and minerals sectors. Additionally, projects worth Rs 2.5 trillion from the energy sector, particularly in hydrocarbon, are also expected. Also read: Amazon to Invest $15 Billion in India by 2030L&T, DRDO ink deal for Scorpene submarines' AIP modules

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code