L&T has now won orders worth up to ₹12,500 crore in three days, stock up 3.5%

Larsen and Toubro Ltd</a>. on Wednesday, September 17, said its power transmission and distribution business vertical has won 'large' orders for grid infrastructure in India and overseas.

L&T classifies orders in the ₹2,500 crore to ₹5,000 crore range as 'large'.

The orders include Distribution SCADA and Dynamic Reactive Power Compensation devices, L&T said.

The company said that in India, the order pertains to revamping power distribution with SCADA and smart technology integration in two towns. Jobs pertaining to distribution transformer station and conversion of overhead electrical lines into underground cabling are also in the scope, it said.

In UAE, the order is for the design, delivery and construction of two 300MVAr STATCOM systems that will be installed at the existing 400kV substations for dynamic reactive power compensation, L&T said.

STATCOM provides automated and instantaneous response to deter system fluctuations, and the power quality improves as it injects or absorbs reactive power in real time, thereby stabilising the voltage, the company said.

L&T also received another order from Oman to establish a 400/132 kV grid station, with an associated 400 kV transmission line segment.

On another note, L&T on Tuesday formally requested to exit the Hyderabad Metro Rail project, citing mounting financial losses and a lack of support from the Telangana government.

L&T also reported two other order wins this week — a 'significant' order from the Nuclear Power Corporation of India Ltd. for a project in Tamil Nadu and a 'large' order from the National High Speed Rail Corporation Ltd.

L&T shares were trading 0.8% up at ₹3,698.5 apiece around 12 pm on Wednesday. The stock has gained 16.5% in the past six months.

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