L&T bags orders worth Rs.1,749 crore from state-run firms
By IANSThursday, August 5, 2010
MUMBAI - Engineering major Larsen and Toubro (L&T) Thursday said it has bagged three orders worth Rs.1,749 crore from state-run SAIL and Bharat Aluminium Company (BALCO).
L&T in a joint venture with Paul Wurth of Italy has been awarded an engineering, procurement and construction project for Rs.1,627 crore to build a 2.8 million tonne per annum (MTPA) blast furnace for SAIL’s steel plant in Bhillai, Madhya Pradesh.
L&T stands to gain Rs.1,010 crore from this project.
The consortium has already upgraded two blast furnaces of SAIL in Bokaro and Vizag.
With another partner, Outotec GmbH of Germany, it has bagged another project from SAIL, valued at Rs.670.73 crore, for building a 3.7 MTPA sinter plant for SAIL’s Bhillai plant.
L&T’s share in this contract is Rs.538.29 crore.
BALCO has awarded a Rs.201 crore project for expanding capacity of its smelter plant at Korba, Chattisgarh.
