Tuesday, May 20, 2008

L&T bags electrical projects worth Rs.6.35 bn in Gulf

Indian construction major Larsen and Toubro (L&T) has bagged four electrical projects worth Rs.6.35 billion (over $145 million) from the UAE and Oman in the Gulf region, the firm announced Tuesday.

Giving details of the projects, the company said two of these orders valued at Rs.5.21 billion were granted by Abu Dhabi Water and Electricity Authority (ADWEA) for the construction and erection of five power sub-stations, including the laying of cables for power supply.

The project also includes the construction of civil buildings, complete with utilities such as air-conditioning, lighting and fire protection systems. The time frame for these projects has been put at 18 months from the day of execution.

Apart from these orders, L&T's subsidiary L&T (Oman) LLC at Muscat has bagged two orders valued at Rs.1.14 billion.

While one order is from the Oman Electricity and Transmission Company, the other is from the Muscat Electricity Distribution Company. Both the projects comprise the setting up and commissioning of power transformers and associated civil works within 10-13 months.

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