Larsen & Toubro’s (L&T) Water & Effluent Treatment (WET) business, in partnership with Spain’s Lantania, has signed a contract with ACWA Power to build the Ras Mohaisen Desalination Plant in Saudi Arabia. L&T is the lead partner in this joint venture.
The desalination plant will supply drinking water to the Makkah Al-Mukarramah and Al-Baha regions, improving water availability for nearly one million people.
This is L&T’s second desalination project in Saudi Arabia in recent times, further strengthening its position in the Middle East. The company continues to expand in business-friendly markets, leveraging its expertise in engineering, procurement, and construction (EPC) projects.
L&T is a $27 billion Indian multinational specialising in EPC projects, hi-tech manufacturing, and services. With over eight decades of industry leadership, the company is known for its customer-focused approach and commitment to high-quality solutions worldwide.
As of March 13, 2025, at 11:40 AM IST, Larsen & Toubro share price stands at ₹3,213.15, up by ₹19.50 (0.61%) for the day. The stock opened at ₹3,202.25, reached a high of ₹3,233.15, and a low of ₹3,183.75. The company’s market capitalisation is ₹4.42 lakh crore, with a P/E ratio of 31.72 and a dividend yield of 0.87%. Over the past year, the stock has ranged between a 52-week high of ₹3,963.50 and a 52-week low of ₹3,141.00.
L&T’s latest desalination project reinforces its growing presence in the Middle East. By delivering cutting-edge water solutions, the company continues to drive sustainable infrastructure development globally.
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Published on: Mar 13, 2025, 11:51 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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