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L&T's Power Business Wins Orders Worth Rs. 1,080 Crore

Posted On: 2018-08-09 11:22:18

The Power business of Larsen a Toubro has won orders worth Rs. 1,080 crore.

The business has received two orders from NTPC for setting up Flue Gas Desulphurisation (FGD) systems at its supercritical thermal power plants at Khargone, Madhya Pradesh and Lara, Chhattisgarh.

Installation of FGD systems in existing and upcoming thermal power plants has been made mandatory by Ministry of Environment, Forest and Climate Change, (MoEFCC), Government of India to curtail SO2emissions.

Commenting on the FGD orders, Mr Shailendra Roy, CEO & Managing Director, L&T Power and Whole-Time Director, L&T, said, "With stringent pollution control measures in place, coal-fired power plants will play a major role in the country's energy mix for years to come, and L&T is fully geared to cater to this new market of air pollution control systems."

L&T has a long-term technical licence agreement with Chiyoda Corporation of Japan for its Thiyoda Thoroughbred 121TM(CT-121Tm) FGD technology. The agreement grants L&T exclusive rights to undertake engineering, procurement and construction (EPC) of CT-121TM FGD systems. The CT-121Tm FGD process is a unique technology developed by Chiyoda in which sulphur dioxide is absorbed from flue gas generated by coal-fired, oil-fired and other types of boilers and removed as gypsum.

The Power business of L&T, through its joint venture companies, has also won orders in the domestic and export markets for engineering services and supply of components.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1297.75 as compared to the previous close of Rs. 1295.65. The total number of shares traded during the day was 67025 in over 2528 trades.

The stock hit an intraday high of Rs. 1307.95 and intraday low of 1290.95. The net turnover during the day was Rs. 87137954.


Source: Equity Bulls

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