Larsen & Toubro Good points After Building Arm Wins Orders For Photo voltaic Tasks
Shares of infrastructure main Larsen & Toubro on Tuesday traded over 2.50 per cent on Tuesday, February 23, a day after its development arm L&T Building secured two (engineering, procurement, and development) EPC orders to determine greater than 400 MW photo voltaic photovoltaic tasks within the state of Gujarat. The scope of those packages includes the design, engineering, provide, development, testing, commissioning, in addition to operation and upkeep of the grid-connected photo voltaic PV vegetation of round 200 MW every. On Tuesday, shares of Larsen and Toubro opened the buying and selling session at Rs 1,452, touching an intraday excessive of Rs 1,498.10, and an intraday low of Rs 1,452, to this point.
Based on an announcement shared by Larsen and Toubro, a 765kV double circuit transmission line package deal has been acquired by way of a project-specific transmission firm. This line is related to the transmission scheme for the evacuation of energy from photo voltaic power zones in Rajasthan.
In West Bengal, orders have been acquired to produce and set up the excessive voltage distribution methods in some districts. The grid modernization program in semi-urban and rural areas is being carried out by the state with multilateral help. One other order to assemble 220kV and 132kV transmission traces have been received from the state transmission utility.
L&T additionally received a 400 kV substation order in Tamil Nadu. The scope of the package deal includes establishing an entire substation together with related reactors, transformers, management & safety, switchgear, substation automation methods, and so on. The venture is aimed to satisfy the long run load development of the Coimbatore area and to strengthen the evacuation system of an upcoming pumped storage energy plant.
Shares of Larsen & Toubro have been final buying and selling 2.66 per cent larger at Rs 1492.40 on the BSE.