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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

L&T Construction secures orders in Saudi Arabia, Malaysia, India

Larsen & Toubro (L&T) secured a major Engineering, Procurement, and Construction (EPC) contract for the Amaala project in Saudi Arabia's Red Sea region.
  • The company will construct a ±525kV High Voltage Direct Current (HVDC) transmission segment in Saudi Arabia
  • In the Sarawak region of Malaysia, L&T Construction has won an order to establish a 275kV Substation

Dubai, UAE – L&T Construction, part of Larsen & Toubro, has secured new orders in Saudi Arabia, Malaysia, and India.

The company will construct a ±525kV High Voltage Direct Current (HVDC) transmission segment in Saudi Arabia. This forms part of a large capacity Voltage Source Converter (VSC) based HVDC system, connecting Neom Industrial City to Yanbu City in the western region of Saudi Arabia.

In India, the company won an order to implement SCADA/DMS (Supervisory Control and Data Acquisition/Distribution Management System) and related IT infrastructure for urban area power distribution systems in central Gujarat. The scope of the project also includes Information Storage & Retrieval, Front End Processing, Outage Management, Network Management, Dispatcher Training Simulation, Local Data Monitoring, and necessary security systems. 

The company will also construct a 400kV Double Circuit Transmission Line in Jharkhand, India. This 133 KM long transmission line is crucial for evacuating power from a generating station.

In the Sarawak region of Malaysia, L&T Construction, in collaboration with a consortium, has won an order to establish a 275kV Substation. This project aims to enhance power supply reliability in major load centers on the northwest coast of the island of Borneo.