L&T picks up new Saudi, Oman deals
Awards for transmission lines in Saudi and water network in Salalah part of over $630mn of deals won by contractor in December
Indian-headquartered contractor Larsen & Toubro won orders worth over $630mn in December - including deals in Saudi Arabia and Oman.
The company, whose shares are listed on the Bombay Stock Exchange, said that over half ($324mn) of the orders came from its transport infrastrucure business, including new rail and road projects in India.
However, its water and renewable energy business secured $115mn worth of orders, including a new water network for Salalah Free Zone. The Adhan Phase 1A project will see it build new potable water and irrigation water networks, stormwater and sewerage systems, and reservoirs for irrigation and firefighting systems. The work also involves new control rooms and pumping stations.
Meanwhile, its power transmission and distribution arm picked up new orders worth $105.4mn. This has included a number of orders from Saudi Electricity Company for cabling and transmission line networks in the cities of Buraydah and Hail.
Mr. S N Subrahmanyan, senior executive vice-president of L&T's infrastructure arm, said: "The orders that we are steadily getting from overseas is a reflection of our growing presence in these markets."