Detailed engineering and initial construction work will begin shortly, the company said.Last month, the company announced it had won a solar and storage plant order in India.
Now, with the fresh mega orders from the Middle East, the company's renewables portfolio is poised to reach 22 GWp cumuluative capacity, comprising solar and wind generation projects already commissioned and those in the making, L&T said.
"These orders are welcome additions to our green portfolio, as we build the company of the future with next generation technologies," he said.
Last week, the company's energy hydrocarbon vertical won an order from ONGC ltd for the eighth phase of the pipeline replacement project off India's west coast.
L&T classified the order as "significant", which means that the order value is in the range of ₹1,000 crore to ₹2,500 crore.L&T shares were trading 0.45% lower at ₹3,611 apiece at 11.20 am on Monday, July 8.
NSE
Larsen and Toubro Ltd. on Monday, July 8 said its renewable arm finalised 'mega' orders with a leading developer in the Middle East to build two gigawatt scale solar PV plants, with a cumulative capacity of 3.5 GW.L&T classifies orders in the range of ₹10,000 crore to ₹15,000 crore as 'mega'.The scope of the orders will also include grid interconnections encompassing pooling substations and overhead transmission lines. Detailed engineering and initial construction work will begin shortly, the company said.Last month, the company announced it had won a solar and storage plant order in India. Now, with the fresh mega orders from the Middle East, the company's renewables portfolio is poised to reach 22 GWp cumuluative capacity, comprising solar and wind generation projects already commissioned and those in the making, L&T said."The successive order wins stand testimony to our proven engineering and project management capabilities to meet the requirements in terms of plant performance, workforce mobilisation, safety, quality and timeline," said T Madhava Das, the whole-time director and senior executive vice-president (utilities) at L&T.Meanwhile, the company's chairman and managing director SN Subrahmanyan said the Middle East is far ahead in creating sustainable energy infrastructure and in providing a smart lifestyle. "These orders are welcome additions to our green portfolio, as we build the company of the future with next generation technologies," he said. Last week, the company's energy hydrocarbon vertical won an order from ONGC ltd for the eighth phase of the pipeline replacement project off India's west coast. L&T classified the order as "significant", which means that the order value is in the range of ₹1,000 crore to ₹2,500 crore.L&T shares were trading 0.45% lower at ₹3,611 apiece at 11.20 am on Monday, July 8. The stock has gained 48.07% in the past year.
