Larsen & Toubro shares got here off intraday low ranges and have been down 1 per cent decrease at Rs 1,419.
Renewables arm of Larsen & Toubro’s Power Transmission & Distribution enterprise has secured a turnkey engineering, procurement, and building (EPC) contract from Saudi Arabia to assemble Sudair Solar PV Project of 1.5 gigawatts capability, Larsen & Toubro mentioned in a press launch. “This project is considered the largest Solar Plant in Saudi Arabia with PPA signed. It is also one of the largest such plants in the world,” Larsen & Toubro mentioned in a inventory alternate submitting.Â
The challenge will probably be developing in Riyadh province of the Kingdom and has 30.8 sq. kilometre land parcel obtainable to put in a complete capability of 1.5GW PV Solar modules with related single axial tracker and inverters. Â
“With a number of GWs of photo voltaic EPC expertise, L&T has emerged as a worldwide expertise participant for photo voltaic crops, mentioned S. N. Subrahmanyan, CEO & managing director, Larsen & ToubroÂ
Following the announcement Larsen & Toubro shares got here off intraday low ranges and have been down 1 per cent decrease at Rs 1,419.Â
