Tag: Distribution business

L&T’s construction arm wins large transmission orders in Bangladesh

NEW DELHI: Engineering major Larsen & Toubro (L&T) on Wednesday said its construction arm, L&T Construction, has won a slew of Transmission Line orders in Bangladesh. The scope of these packages involves Design, Supply, Installation, Testing and Commissioning of Extra High Voltage Transmission Lines on turnkey basis. While the company didn’t disclose the value of […]

ADNOC completes $1 billion institutional placement for distribution business

By Rania El Gamal DUBAI: State-run Abu Dhabi National Oil Company (ADNOC) said on Monday it had completed a placement to institutional investors of 10% in its subsidiary ADNOC Distribution’s ADNOCDIST.AD total share capital, or 1.25 billion shares, valued at $1 billion. The placement will increase ADNOC Distribution’s free float to 20%, and contribute to […]

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