L&T bags 300 MW solar project in Saudi Arabia

By: |
April 13, 2021 4:38 PM

Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has bagged a 300-MW solar power project in Saudi Arabia.

Motilal Oswal has raised concerns that order inflows can be bulky and there may be deferment of orders in FY22.Motilal Oswal has raised concerns that order inflows can be bulky and there may be deferment of orders in FY22.

Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has bagged a 300-MW solar power project in Saudi Arabia. The engineering, procurement and construction (EPC) order has been received from the consortium of Masdar, EDF Renewables and Nesma Company, L&T said in a statement.

The renewables arm of L&T’s Power Transmission & Distribution Business has secured the go-ahead to begin constructing the 300 MW Jeddah solar PV power plant in Saudi Arabia, it said. “We are thankful and happy to be a part of establishing major solar projects awarded under the umbrella of Saudi Arabia’s pioneering National Renewable Energy Programme (NREP) marking yet another milestone in our green technology path to enable clean energy transition,” T. Madhava Das, Whole-Time Director & Senior Executive Vice President (Utilities), L&T said.

In Saudi Arabia, L&T recently won a solar project of 1.5 gigawatt (GW).

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Always at hand: The rise and rise of wearables
2iPhone 13 Pro: The gold standard in smartphones
3Candes Technology: Building smart homes for a smart India