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News: Larsen & Toubro has bagged ‘significant’ orders in the range of Rs 1000 crore to Rs 2500 crore for its power transmission and distribution business in India and abroad. The business has won two orders for the upgrade of electrical networks in large industrial facilities in the Middle East. The scope of these orders involves establishing gas insulated substations with associated high voltage cable systems. The power transformers and control & protection systems are the other crucial elements that will be installed as part of the works.
Views: The company has announced decent order wins since the begging of FY24 which will help achieve its order inflow target of 12-15% for the year. Overall the company is selective in bidding given the focus is completely on wining profitable orders which will lift the overall return ratios to 18% by 2026
Impact: Positive