L&T Secures ‘Large’ Power Transmission Orders in India, Saudi Arabia, UAE & Qatar

Larsen & Toubro (L&T) announced on Tuesday, April 1, that its power and transmission vertical has secured ‘large’ orders in both India and overseas markets. The company classifies orders in the range of ₹2,500 crore to ₹5,000 crore as ‘large.’

Major Wins in India

L&T’s Power Transmission & Distribution (PT&D) business has won a significant order to set up a 765 kV gas-insulated substation (GIS) in western India.

Additionally, the company has bagged a turnkey contract for the construction of a transmission line associated with power evacuation in the same region. These projects aim to enhance the region’s energy infrastructure and ensure stable power distribution.

International Expansion: Orders from Saudi Arabia, UAE, and Qatar

L&T’s transmission business has also made strides in the international market, securing multiple orders:

• Saudi Arabia: 

The company received contracts for two 380 kV overhead transmission lines exceeding 130 route km. These projects are aimed at ensuring a reliable power supply to key townships around Riyadh.

• United Arab Emirates (UAE): 

L&T won turnkey orders for the construction, supply, installation, testing, and commissioning of two 132/11 kV GIS substations.

• Qatar: 

The company also secured an order for a 132 kV GIS substation.

Apart from these, the company has received additional orders in ongoing projects in India and Oman, further expanding its regional presence.

Landmark Order from QatarEnergy LNG

Last week, L&T secured its largest-ever order, valued at over ₹15,000 crore, from QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project.

The scope of this massive project includes:

• Engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes.
• The complexes will include large offshore platforms equipped with compression and power generation facilities, living quarters, flare platforms, interconnected bridges, and other associated structures.
• The facilities will be located approximately 80 km off the northeast coast of Qatar.

Stocks Performance

On April 02, 2025, Larsen & Toubro share price traded 0.02% higher at ₹3,436.65 at 10:21 AM (IST). Larsen & Toubro share price reached a 52-week high of ₹3,963.00, and a 52-week low of ₹3,141.30. As per BSE, the total traded volume for the stock stood at 4.713 shares with a turnover of ₹1.61 crores.

According to exchange data, Larsen & Toubro shares are trading at a price-to-earnings (P/E) ratio of 47.07x, based on its trailing 12-month earnings per share (EPS) of ₹73.01, and a price-to-book (P/B) ratio of 7.17.

Conclusion 

With these latest orders, L&T continues to solidify its position as a leader in the power transmission and offshore infrastructure sectors.

The company’s strategic focus on expanding its international footprint, coupled with its strong execution capabilities, underscores its commitment to delivering high-quality engineering solutions across the globe.

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