Engineering and Infrastructure conglomerate Larsen & Toubro Ltd. has received multiple orders for its Power Transmission & Distribution Business in India and the Middle East, it said in an exchange filing.
L&T has classified the orders as "large," which means that the order size ranges between ₹2,500 crore to ₹5,000 crore based on the company's internal classifications.
The first order is to establish a 75 MW floating Solar PV plant on the Panchet Dam in Jharkhand. This plant is part of the Ultra Mega Renewable Energy Power Park being developed on the Damodar Valley Corporation reservoirs in Jharkhand and West Bengal.
Additionally, the company has won an order for turnkey construction of a 380 kV substation.
Another order has been won for substation and voltage conversion from hydrocarbon companies in Kuwait and Saudi Arabia along with an additional order in an ongoing 220kV power supply project in the United Arab Emirates.
On Monday, the company had won a "large" order from the hydrocarbon vertical for an onshore project from IndianOil Adani Ventures Ltd.
The company will also construct a 21 km cable-stayed bridge across the Brahmaputra River. That order was also classified as a "large" order.
L&T is executing the Dhubri Phulbari Bridge Project for the National Highway Infrastructure Development Corporation (NHIDCL) and several other infrastructure projects in the state, the company said.
This is the third "large" order that the company has won in the last three days.
The company's management in response to CNBC-TV18's query during its earnings call had said that it is likely to end financial year 2024 with order inflow growth in excess of 20%, compared to its earlier guidance of 12%.
It also highlighted that the company may beat the upper end of the revenue growth guidance of 12% to 15%.
Shares of L&T are trading 0.5% higher at ₹3,440. The stock has risen 60% in the last 12 months.
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