Larsen and Toubro bags Rs.1,100 crore Gujarat dealBy IANS
Monday, February 14, 2011
MUMBAI - Engineering and construction major Larsen and Toubro Monday said it has bagged a Rs.1,100-crore order from the Gujarat State Electricity Corporation for setting up a 375 MW gas-based power plant in the state.
“The engineering procurement and construction order was bagged by L&T under global competitive bidding against stiff competition from domestic and international power plant equipment manufacturers,” the company said in a regulatory filing.
“It will procure advance gas turbines and high-efficiency steam turbines for the plant from Siemens AG in Germany,” it added.
The project will be executed by the gas-based power projects business unit of Baroda-based L&T Power and will be commissioned during the next five-year plan.
The scope of the project includes design, detailed engineering, supply, installation and commissioning of the complete power plant on a turn key basis, the company said.
At the Bombay Stock Exchange, the shares of the company were up 5.21 percent at Rs.1,637.60.