L&T bags orders worth Rs 1,044 cr

Engineering firm Larsen & Toubro (L&T) on Monday said it has bagged orders worth Rs 1,044 crore for electrical projects in Gulf countries.

Engineering firm Larsen & Toubro (L&T) on Monday said it has bagged orders worth Rs 1,044 crore for electrical projects in Gulf countries.

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The company has bagged orders for the construction of electrical substations from Qatar Petroleum, Dubai Electricity & Water Authority (DEWA), Oman Electricity & Transmission Company (OETC) and Qatar's General Electricity and Water Corporation (KAHRAMAA), L&T said in a statement.

L&T has secured orders worth Rs 737 crore from Qatar Petroleum for the construction of four substations, the work for which needs to be completed in 32 months.

The company has also bagged a Rs 96 crore order from KAHRAMAA, Qatar, for the construction of one substation.

Further, the company has bagged orders worth Rs 115 crore and Rs 96 crore for the construction of one substation each from DEWA and OETC.

Shares of L&T were on Monday trading at Rs 1,547.30, up 4.30 per cent from the previous close on the Bombay Stock Exchange.