On 13 May 2026, Infrastructure giant Larsen & Toubro (L&T) announced its Power Transmission & Distribution (PT&D) business vertical has secured significant Engineering, Procurement & Construction (EPC) orders from unnamed clients in the Middle East for setting up extra-high voltage substations.
While the company did not specify the exact value of the order, according to L&T’s internal classification, the new contract’s value can be estimated between ₹1,000 crore and ₹2,500 crore. This deal has come at a time when the demand for grid modernisation is increasing across the Middle East. It will help to bolster L&T’s position as a global leader in power infrastructure.
The contract includes building one 380 kV substation and two 132 kV substations in the Middle East on a turnkey basis. This implies L&T will have to undertake end-to-end responsibility from engineering and procurement to construction and commissioning.
According to the company, the projects are tied to strict completion timelines, emphasising the importance of rapid deployment in the region’s expanding power sector. The PT&D business has mostly focused on technology-driven energy infrastructure projects, including smart transmission and distribution networks. Additionally, the PT&D vertical will work on the construction of smart grid, digital energy solutions and last-mile electrification initiatives across international markets.
On Wednesday, Larsen & Toubro Limited shares were trading at INR 3921.65 per scrip at around 13:08 hours, with a rise of INR 65.05 (+1.69%) after the important announcement.
The company notified a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to INR 82,762.16 crore in Q4 FY26 over Q4 FY25.
The Middle East has witnessed a surge in electricity demand driven by rapid industrialisation, urban growth, and renewable energy integration. By executing this project, L&T will contribute to enhancing grid reliability and reducing congestion, while also supporting the integration of clean energy sources into national networks.
L&T’s PT&D business has a strong presence across 30 countries, spanning SAARC, ASEAN, the Middle East, Africa, North America, and CIS regions. This contact will help boost its presence in the Middle East, a market that continues to invest heavily in electricity infrastructure to support economic diversification and renewable energy integration.
In the earlier part of the year, the company’s power transmission and distribution (PT&D) vertical has received an order in India for the design, supply and construction of two 220 kV Gas Insulated Substations in the Durgapur–Raniganj–Asansol industrial belt of West Bengal.
Larsen & Toubro is a $32 billion Indian multinational enterprise engaged in EPC Projects, Hi-Tech Manufacturing, Products and Services, working across diverse domains and multiple geographies for decades. The company has sustained leadership in its major lines of business for eight decades, with a strong focus on AI and technology, a customer-centric approach, and a commitment to top-class quality. It is headquartered in Mumbai.
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