Larsen & Toubro Limited (L&T) has secured an order valued at Rs. 4,460 million (Rs. 446 crore) from M/s. JSW Power Transco Limited for evacuation of power from the 1,200 MW Power Project being set up by M/s. JSW Energy (Ratnagiri) Limited at Ratnagiri in Maharashtra.
The Jaigad – Karad and Jaigad – New Koyna 400 kV Transmission lines, totaling 169 km, will be executed by the Transmission Line Business Unit of ECC - L&T’s Construction Division and the scope of work involves survey, supply of all components like transmission line tower members, conductors, insulators, hardware accessories and construction of the line across the two sections.
L&T has bagged this contract against stiff domestic competition and the project is to be completed in 18 months.
The stock was trading at Rs.2412, up by Rs.32.15 or 1.35%. The stock hit an intraday high of Rs.2474.80 and low of Rs.2380.05.
The total traded quantity was 332485 compared to 2 week average of 630325.
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