L&T wins mega power orders worth up to ₹15,000 crore

L&T wins mega power transmission orders worth up to ₹15,000 crore Larsen & Toubro Limited's Power Transmission & Distribution business has secured multiple EPC orders classified as “mega”, with the combined value ranging between ₹10,000 crore and ₹15,000 crore. The projects cover India, Saudi Arabia and the UAE. They include transmission and substation projects in Saudi Arabia, substations and cabling work in the UAE, and a transmission system in Visakhapatnam. Why this matters Large order wins strengthen L&T's revenue visibility and provide further evidence of spending on power transmission and renewable-energy infrastructure. However, order value does not immediately translate into revenue or profit. Execution timelines, project margins, working capital and cost inflation remain important. What to monitor next Order-book growth and conversion into revenue. EBITDA margins in the PT&D business. Execution across international projects. Working-capital requirements. Further order inflows in infrastructure and energy. My analytical view: The order win is strategically positive for L&T, but the quality of execution and eventual margins will matter more than the headline order value. SEBI RA Disclaimer: Umang Rajesh Bhutada is a SEBI-registered Research Analyst (INH000023001). This content is for educational and informational purposes only and is not investment advice. Securities investments are subject to market risks. Please consult a qualified financial professional before making investment decisions.