The L&T joint venture with Lantania of Spain signed the contract with ACWA Power, a major developer in the Middle East, to build the Ras Mohaisen Desalination plant in Saudi Arabia.
The plant will have a capacity of 300,000 cubic metre per day. The project’s scope of work includes design, procurement, construction, testing and commissioning of a seawater reverse osmosis desalination plant.It encompasses intake and outfall facilities, process units, pumping stations, 600,000 cubic metre potable water storage facility, electrical special facility and associated works along with automation and instrumentation systems. A solar PV plant is also part of the project scope, it said.
The plant will serve as a drinking water source for Makkah Al-Mukarramah and Al-Baha regions and will benefit a population of one million.
L&T added that this is the second desalination order it has received in Saudi Arabia in the recent past.
L&T shares were trading 0.62% higher at ₹3,213.35 apiece at 10.55 am on Thursday, March 13. The stock has declined 12.45% this year, so far.
Last week too, the company’s power transmission and distribution vertical won ‘large’ orders in India and overseas.
In the December quarter, the company reported a 14% increase in its net profit at ₹3,359 crore. The street had estimated the same to come in at ₹3,762 crore.
Its consolidated revenue increased 17% to ₹64,668 crore compared to the previous year. It was also higher than Street estimates of ₹63,750 crore.
Its international revenue of ₹32,764 crore comprised 51% of the total revenue.
Its EBITDA increased 8.6% to ₹6,255 crore compared to the previous year. However, it was lower than Street estimates of ₹6,636 crore. The company’s margin too contracted to 9.7% in the December quarter against the previous year’s 10.5%. It was lower than Street estimates of 10.4%>
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First Published: Mar 13, 2025 10:59 am IS
