L&T Secures Major Contracts to Boost Power Grids in Saudi Arabia & UAE

On September 24, 2024, Larsen & Toubro’s Power Transmission & Distribution (PT&D) division secured new contracts in the Middle East to expand and strengthen high-voltage electricity grids.

Saudi Arabia 

L&T has been awarded contracts to set up ±500kV High Voltage Direct Current (HVDC) transmission links, interconnecting different regions of Saudi Arabia’s national electricity network. This will enable power exchange between regions and improve the system’s resilience. Additionally, L&T will work on 3 more projects, including two 380kV overhead transmission lines and a 380kV Gas Insulated Substation, which will help connect renewable energy sources and reinforce the grid.

United Arab Emirates

In Abu Dhabi, L&T has received a contract to construct two major 400kV Gas-Insulated Substations. The scope includes civil works, Series Current-Limiting Reactors, Auto Transformers, control and protection systems, substation monitoring, fault and power quality monitoring, telecommunications systems, and integration with the Load Dispatch Centre. These substations will enhance the power transfer capacity of the electricity grid in the region.

Commenting on the development, Mr T. Madhava Das, Whole-Time Director & Senior Executive Vice President (Utilities) – Larsen & Toubro, said, “The fortification and modernisation of transmission systems is the foremost step in establishing a secure, resilient grid capable of handling variable renewable generation in an evolving energy market. We thank our customers for entrusting these projects with us”.

About Larsen & Toubro

Larsen & Toubro is an Indian multinational company with a revenue of USD 27 billion. It specialises in EPC projects, high-tech manufacturing, and services and operates in various countries. With a solid customer focus and commitment to quality, L&T has maintained its leadership in key business areas for over 80 years.

On September 24, 2024, the share price of Larsen & Toubro Limited opened at ₹3,787.70, touching the day’s high at ₹3,831.80, as of 10:55 AM on the NSE.

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