BUSINESSEnglish

Business: L&T arm wins Rs.5k cr transmission lines orders from B’desh

Mumbai: The power transmission and distribution business of Larsen  Toubro has won transmission lines orders worth about Rs.5,000 crore in Bangladesh, the company said on Wednesday.

The scope of these packages involves the design, supply, installation, testing, and commissioning of extra high voltage transmission lines on a turnkey basis, according to a company release.

In value terms, a large contract would mean an order size between Rs 2,500-5,000 crore.

A fast-growing economy in the region, Bangladesh has embarked on a program to alleviate infrastructure deficiencies and upgrade its power system to sustain the growth.

To cater to the power demand in emerging load centers and the Greater Dhaka region, several projects are afoot including the construction of the country’s first nuclear power plant.

“As Bangladesh aims to achieve universal electricity access this year, the enhancement of power transfer capacity will improve the reliability and efficiency of the country’s grid and facilitate integrated development of its capital and the economic growth centers,” an L&T official said.

These projects also will give a fillip to the cross-border electricity trade.

“As Bangladesh aims to achieve universal electricity access this year, the enhancement of power transfer capacity will improve the reliability and efficiency of the country’s grid and facilitate integrated development of its capital and the economic growth centers. These projects also will give a fillip to the cross-border electricity trade.

“The recent wins strengthen the leadership position of our business that caters to power transmission and distribution and renewable EPCs projects in the region,” T Madhava Das, whole-time director and senior Executive Vice President (Utilities) added.

(VP)

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