Indian construction giant Larsen & Toubro secured contracts valued between INR 25-50 bn (USD 284-569 mn) for building a 380 kV gas-insulated substation and over 420 km of transmission lines in Saudi Arabia, as per a press release. The projects will support the kingdom’s renewable energy program by bolstering grid capacity to integrate new solar and wind projects.
Heavy engineering gains traction: L&T’s Heavy Engineering division also bagged orders estimated between INR 10-25 bn (USD 120-300 mn) globally, as per a separate press release. These include an order for an integrated refinery and petrochemical complex in Saudi Arabia, manufacturing vessels for natural gas and blue ammonia projects in the US, alongside supplying equipment to Mexico for processing ammonia and urea.
Riding global momentum: The USD 30 bn valued engineering conglomerate is expanding its international EPC footprint, strategically in clean energy-linked infrastructure across major economies.
ICYMI: In our recent coverage, the construction giant clinched major contracts including a USD 1.68 bn gas facility deal at an undisclosed location in the Middle East as well as an MoU with Acwa Power for the Renewables & Grid scope of the Yanbu Green Ammonia Project in Saudi Arabia.