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L&T Construction led JV secures contract for 100 MLD Desalination Plant

Posted On: 2019-07-17 11:12:54

The Water a Effluent Treatment Business of L&T Construction and Tecton Engineering a Construction LLC, UAE JV have secured a prestigious contract for a 100 MLD Desalination plant from Gujarat Industrial Development Corporation, Gujarat, India. L&T Construction will be the lead in this project.

The EPC order is envisaged to provide desalinated water to Petroleum, Chemicals a Petrochemicals Investment Region (PCPIR) in the Dahej district of Gujarat. The project scope includes design, construction, commissioning of sea water intake structure along with pump house, HDPE conveyance pipeline, raw water storage reservoir, sea water reverse osmosis (SWRO) plant of 100 MLD output, marine outfall system and other associated electrical, mechanical a instrumentation works. The project also involves automation including online measurements and control of the desalination plant through Distributed Control Systems (DCS).

As part of the contract, the JV will operate and maintain the plant for 10 years post completion.

"This is the largest desalination plant awarded till date for industrial applications and I am glad that L&T is playing a critical role to ensure sustainable water supply to the industries in the Dahej district of Gujarat," said Mr. S.N. Subrahmanyan, CEO a MD, Larsen & Toubro. "We are the foremost builders of water infrastructure in the country and this contract only reaffirms our credentials," he added.

"This is a defining phase in our business strategy, as this contract marks the entry of L&T into the desalination market," said Mr. S. Rajavel, Senior Vice President and Head, Water, Smart World a communication, L&T Construction. "Not only does it consolidate our leadership across the entire value chain of water business but it also augers well for us to fulfill our Lakshya vision of becoming a Technology-driven EPC business," he elaborated.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1461.5 as compared to the previous close of Rs. 1440.25. The total number of shares traded during the day was 205918 in over 8138 trades.

The stock hit an intraday high of Rs. 1464 and intraday low of 1426.45. The net turnover during the day was Rs. 298353422.


Source: Equity Bulls

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