Larsen and Toubro shares hit a 52-week high of Rs 3,549 on 27 December after the company announced securing a major order for the Amaala project in the Red Sea region of Saudi Arabia.

In its regulatory filing, the company said that it had received the order under the engineering, procurement and construction for establishing various systems related to renewable energy generation and utilities.

The company has classified the order under the major orders that range from 5,000 to 10,000 crore.

The scope of the project goes beyond sustainability and includes establishing an optimised off-grid renewable energy system that features a 250-megawatt peak solar photovoltaic plant and a 700-megawatt hour battery energy storage system.

The power systems component encompasses biofuel-based internal combustion engines, high voltage transmission lines, three gas-insulated substations, and medium voltage distribution networks.

The order also includes water systems that involved the construction of a 37 million litres day seawater reverse osmosis plant, tank farms, 6 million litres day sewage treatment plant, a potable water network, wastewater network, marine works, including intake and outfall, and treated sewage effluent network.

At 3:30 pm, the shares of Larsen and Toubro closed 1.56% higher at Rs 3,544.40 on NSE.