L&T bags orders worth Rs 10 bn
Engineering and construction heavyweight Larsen and Toubro (L&T) has bagged orders worth Rs 10 billion for supplying high-tech equipment and systems in the first two months of this quarter, the company said in Mumbai on Friday.
Major local contracts include orders to supply power plant equipment to Coastal Gujarat Power Ltd, a Tata Power subsidiary, and critical reactors to HPCL Mittal Energy's Bhatinda refinery project.
Export orders include supplying coke drums to Kuwait National Petroleum, high-pressure heat exchangers to Petroleo Brasileiro of Brazil, ammonia converters to UHDE in Germany and reactors to PTT Asahi Chem Co in Thailand.
The orders were bagged against competition from Italian, Japanese and Chinese manufacturers, the company said in a statement. It has in the past supplied critical reactors and high pressure heat exchangers to refinery and petrochemical majors in the US, Canada, Europe and China.
The projects would be executed by L&T's heavy engineering division at its manufacturing units at Powai, Mumbai and Hazira, Gujarat.
L&T is upgrading its Hazira unit; it's also setting up a new unit at Oman, its senior executive vice-president MV Kotwal said in the statement.
Enter your email to get our daily newsletter in your inbox
- Income tax refund (ITR) status can be checked on the National Securities Depository Limited (NSDL) website as well as on the income tax department’s e-filing site.
- Because of the November fall, the economy is set to contract again in the fourth quarter.