&T Clinches Substation Order For Rs. 418 Cr. From UAE

Larsen & Toubro Limited announced that the company secured an order for Rs. 418 crores or $94.33 million from the Abu Dhabi Water and Electricity Authority. The scope of order covers construction of six major electrical substations in the Al Ain sector of Abu Dhabi.

As per contractual terms, L&T will supply and install 33/11kV primary substations to the specifications of the international consultant Mott MacDonald. The contract includes design and construction of civil building and over 120 km of 33kV cabling. The entire work is to be completed within 18 months.

L&T disclosed that the substations would come up at Al Muthredh, Al Mezyad South, Al Dhaher South, New Al Qua'a, Al Qattara and Civic Centre to reinforce the regions power distribution network and help meet the increased demands for power in the region.

Each substation consists of 33kV gas insulated switchgear, 11kV air insulated switchgear, 15 MVA 33/11kV transformers, substation control and monitoring system, protection and telecommunication system, DC System and auxiliaries. The contract also encompasses design and installation of utilities such as air conditioning and lightening systems, the company said.

About L&T

The L&T Group's principal activities are to manufacture capital goods for industries. It operates in three segments, namely, Engineering and Construction, Electrical and Electronics and Other.

Engineering and Construction segment provides solutions in civil, mechanical, electrical and instrumentation engineering to core sectors/infrastructure industries. Electrical and Electronics segment manufactures and sells low voltage switchgear and control gear, custom-built switchboards, petroleum dispensing pumps and systems, electronic energy meters/protection systems, control and automation products and medical equipment. Other segment includes financial services, leasing, software development, toll collecting activity, generation of power and steam for captive consumption, manufactures ready mix concrete, property development, manufactures and sells undercarriage assemblies and marketing of welding/industrial products, construction equipment and earth moving equipment.

The company posted fiscal 2006 net profit of Rs. 1,012 crores on total income of Rs. 15,199 crores. Shares of L&T are currently quoted at Rs. 1,478.00, up 1.30% from the previous close on the BSE.