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INDIA

L&T Enters Bangladesh with Mega Value Orders

After NTPC, DVC, RIL, and Adani Power LtdLarsen and Toubro, operating in over 30 countries worldwide, has entered the power map of Bangladesh winning orders to install a slew of transmission lines. L&T’s power transmission & distribution business would design, supply, install, test and commission extra high voltage transmission lines on a turnkey basis to cater to the power demand in emerging load centers and the greater Dhaka region.
The orders have come under four categories – significant, large, major, and mega with values ranging between Rs 1,000 crore and above Rs 7,000 crore. As cross border power connectivity has come up as a bridge for the India-Bangladesh relationship, India has already proposed investing $9 billion or above Rs 65,700 crore as of Wednesday’s exchange rate in Bangladesh’s power and energy sectors. Reliance Power has already committed to setting up a 750 mw gas-based power project at Meghanahat near Dhaka, while Adani Power has signed an agreement to supply 1,600 mw from its plant in Jharkhand to Bangladesh. NTPC Vidyut Vyapar Nigam has entered into a pact for supplying power to Bangladesh from Tripura and Nepal and DVC has already started exporting 300 mw to the easterly neighbour.

Stock Covered in the news

Reliance Industries Ltd-View Detailed Analysis

Adani Power Ltd-View Detailed Analysis

Larsen and Toubro Ltd-View Detailed Analysis

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