L&T bags Rs 1,749 cr orders from SAIL, BALCO
Engineering and Construction firm Larsen and Toubro today said it has won Rs 1,749 crore projects from Steel Authority of India (SAIL) and Bharat Aluminium Company (BALCO).business Updated: Aug 05, 2010 18:30 IST
Engineering and Construction firm Larsen and Toubro on Thursday said it has won Rs 1,749 crore projects from Steel Authority of India (SAIL) and Bharat Aluminium Company (BALCO).
The projects have been bagged by its construction division unit Metallurgical Material Handling and Water Operating Company in consortium with Paul Wurth of Italy and Outotech, GmbH of Germany.
"L&T, in consortium with Paul Wurth of Italy, has been awarded with the Rs 1,627 crore EPC (engineering, procurement and construction) contract to build 2.8 million tonnes per annum (MTPA) blast furnace for SAIL's Bhilai Steel Plant. L&T's share in the contract is Rs 1,010 crore," the company said in a statement.
"In another significant development, L&T in consortium with Outotech, GmbH of Germany has been awarded Rs 670.73 crore EPC contract to build a 3.7 MTPA sinter plant for SAIL's Bhilai Steel Plant. L&T's share in the contract is Rs 538.29 crore," it added.
L&T Paul Wurth consortium recently commissioned the upgraded blast furnace at Bokaro Steel Plant of SAIL, which increased the metal producing capacity of the plant by 0.5 MTPA.
The consortium also completed a new 2.5 MTPA blast furnace on EPC basis at Vizag Steel Plant for Rashtriaya Ispat Nigam Ltd besides constructing similar capacity blast furnaces for Tata Steel and Bhushan Steel Ltd.
The company said the L&T consortium is presently building three sinter plants on an EPC basis, including two at SAIL's Burnpur unit for their IISCO steel plant and Rourkela Steel Plant and one for Bhushan Steel Plant in Orissa.
"In the non-ferrous segment, L&T has bagged an additional order of Rs 201 crore from BALCO for capacity expansion," the statement said, adding that this is in addition to a large package under execution for aluminium maker's expansion.