L&T construction secures GCC orders worth $198m
Contracts focus on EPC work in Saudi Arabia and Oman
The construction arm of Indian infrastructure giant Larsen & Toubro (L&T) announced it won GCC orders worth $358m across various business segments in May and June 2015.
Larsen & Toubro Saudi Arabia, a fully owned subsidiary of L&T, bagged a contract from National Grid Saudi Arabia (a subsidiary of Saudi Electricity Company) for engineering, procurement and construction works (EPC), including 132 kV cabling work in Hail city; and, a 132 kV double circuit transmission line in Turaif, Qaseem and Hail areas of Saudi Arabia, according to a report by Indian finance research firm, Equity Bulls.
L&T's Oman subsidiary received an order from Oman Electricity Transmission Company for EPC works on a new 132/33 kV Salalah Free Zone-2 grid station.
The company's heavy civil infrastructure arm also won orders worth $160m in the duration.