Larsen & Toubro Ltd. said its Malaysia-based switchgear subsidiary Tamco Switchgear won a largest single order for $85 million from Qatar General Electricity and Water Corporation (KAHRAMAA) - the sole distributor of water and electricity in Qatar.
As per contract terms, Tamco will manufacture and supply 11kV vacuum circuit breakers (VCBs) over a two-year period to distribution stations across Qatar.
Tamco Switchgear Chairman and Senior Vice President & Head of L&T Electrical & Automation S.C. Bhargava said, "We have had split orders for many projects in Qatar in the past. This complete order has come as a testimonial of customer's confidence in our Medium Voltage capability to meet the demands of large scale projects."
At the BSE, Larsen & Toubro shares are currently trading at Rs.1,553.95, up 2.73 percent from the previous close.
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