Stock Report

L&T Construction secures contracts for its Minerals and Metals Business

Posted On : 2022-12-07 10:38:21( TIMEZONE : IST )

L&T Construction secures contracts for its Minerals and Metals Business

The Minerals & Metals (M&M) Business of L&T Construction secured various orders in the Iron & Steel and Beneficiation sectors from ArcelorMittal Nippon Steel India (AM/NS India) - a joint venture between the two global steel giants - to carry-out their expansion plans in Gujarat and Odisha.

The orders comprise various packages, awarded recently:

- Installation of two blast furnaces of 3.5 MTPA capacity each on an EPC basis at their Hazira Plant in Gujarat. The scope inter alia includes associated supplies, construction, installation of both units - Blast Furnaces 2 and 3 concurrently in a phased completion.

- In the same complex, M&M will carry out the installation of a Steel Melt Shop of 6 MTPA capacity with detailed design and engineering for the entire plant, supply of identified items and complete construction. The scope includes plant layout, installation of steel making facility, Secondary Metallurgy, and Slab Casting units concurrently within the agreed schedule.

- Building a 6 MTPA Ore Beneficiation Plant at Sagasahi in Odisha on an EPC basis.

The Minerals & Metals (M&M) Business offers complete EPC solutions for the Mining, Minerals & Metals sectors across the globe. The Business undertakes end-to-end engineering, procurement, manufacturing, supply, construction, erection, and commissioning of the projects covering the complete spectrum from mineral processing to finished metals. M&M also offers comprehensive product solutions from its factories in Kansbahal & Kanchipuram on an array of customised Mineral Crushing Equipment and Plants for varied applications such as Surface Miners, Sand Manufacturing Plants, Material Handling & High-Speed Railway Equipment, and other custom-made Critical Equipment & complex assemblies catering to core industrial sectors including Mining, Steel, Ports, Fertilizers, Cement and Chemical Plants etc.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 2093.85 as compared to the previous close of Rs. 2085.45. The total number of shares traded during the day was 40983 in over 2426 trades.

The stock hit an intraday high of Rs. 2100.00 and intraday low of 2067.20. The net turnover during the day was Rs. 85527631.00.

Source : Equity Bulls


LarsenandToubro INE018A01030 OrderWin MineralsandMetalsBusiness ArcelorMittalNipponSteelIndia