L&T Power Transmission Division Wins Major Contracts in India & Middle East

Larsen & Toubro Ltd (L&T)'s Power Transmission and Distribution (PT&D) segment has secured significant domestic and international contracts for the development of grid infrastructure, strengthening its position as a key player in the global power sector.

According to the company’s classification, large orders are valued between ₹2,500 crore and ₹5,000 crore. These projects span multiple regions and reinforce L&T’s commitment to developing advanced and sustainable energy solutions worldwide.

At 11:55 am, L&T share price remained steady at ₹3,602.7, after giving up early gains. Despite the subdued stock movement, market analysts view these order wins as an indication of L&T’s robust project pipeline and execution capabilities, which could drive long-term revenue growth.

One of the key domestic projects L&T has undertaken is the implementation of an Advanced Distribution Management System (ADMS) in West Bengal. The company stated that this system integrates Outage Management and Distribution Management functions, enabling real-time monitoring and control of medium and low-voltage networks. By utilizing ADMS, L&T aims to enhance the operational efficiency of power distribution, ensuring faster fault isolation and restoration. This project reflects the growing emphasis on modernizing India’s power infrastructure through smart technology solutions.

Internationally, the company has secured a significant contract in Saudi Arabia for the construction of a 380kV substation that will support solar power evacuation, highlighting L&T’s contributions to the renewable energy sector. The Middle East continues to be a key growth market for L&T's PT&D business, as evidenced by another contract in Kuwait for a 400kV substation in a major urban development project. Additionally, in Dubai, the company’s PT&D division will be establishing multiple Extra High Voltage (EHV) substations, including a 400/132kV substation, as part of the Emirate’s strategy to strengthen its power transmission infrastructure and maintain its reputation as a leading destination for living, working, and tourism.

These international projects underscore L&T’s expertise in delivering complex power infrastructure solutions in diverse environments. The company’s global presence continues to expand as it plays a crucial role in helping countries transition to smarter, more resilient energy networks.

In December 2024, L&T secured a ₹7,628.7 crore contract from the Ministry of Defence for the procurement of 155 mm/52 calibre K9 VAJRA-T self-propelled tracked artillery guns for the Indian Army, under the ‘Buy (Indian)’ initiative. This significant defense contract aligns with the government’s focus on bolstering indigenous defense manufacturing capabilities and demonstrates L&T’s leadership in the defense sector.

The company’s order inflows for the third quarter of FY25 totaled ₹44,400 crore, reflecting strong demand across various segments. As of September 2024, L&T’s total order backlog stood at ₹5.1 lakh crore, which is 2.9 times its trailing twelve-month project and manufacturing revenue. This substantial backlog provides strong revenue visibility and reinforces L&T’s dominant position in the infrastructure and defense sectors. The company’s diversified portfolio, ranging from power infrastructure to defense systems, positions it well to capitalize on opportunities in India’s infrastructure growth and global demand for sustainable energy solutions.

Market experts remain optimistic about L&T’s growth trajectory, driven by its focus on innovation, execution efficiency, and expansion into key international markets. The company’s strategy of investing in advanced technologies and enhancing local capabilities has positioned it as a key contributor to India’s economic growth and a formidable player on the global stage.