Stock Report

L&T Construction secures orders for its Minerals & Metals Business

Posted On : 2023-03-29 10:41:47( TIMEZONE : IST )

L&T Construction secures orders for its Minerals & Metals Business

The Minerals & Metals (M&M) Business of Larsen & Toubro (L&T) has secured two orders from the Vedanta Group.

The orders, awarded recently, comprise the following:

- Setting up a 5 LTPA Fertiliser Plant for M/s. Hindustan Zinc Limited (a Vedanta Group Subsidiary). This order, bagged on EPC basis, involves setting up of a 1.8 LTPA Phosphoric Acid Plant (PAP) and a 5.1 LTPA Di Ammonia Phosphate Plant (DAP) at Chanderiya, Rajasthan within the premises of the existing main plant.

- Expanding the capacity of the Aluminum Smelter Complex at BALCO Korba, Chhattisgarh by 435 KTPA for M/s. Bharat Aluminium Company Limited (a Vedanta Group Subsidiary). The major scope of work involves critical pot shell fabrication, assembly and installation including civil, structural and equipment installation works.

The 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 customized Mineral Crushing Equipment and Plants for varied applications such as Surface Miners, 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.

The M&M Business continues to maintain its leadership position and endeavours to build customer confidence in this sector.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 2133.15 as compared to the previous close of Rs. 2153.65. The total number of shares traded during the day was 116320 in over 9543 trades.

The stock hit an intraday high of Rs. 2169.70 and intraday low of 2122.20. The net turnover during the day was Rs. 248196952.00.

Source : Equity Bulls


LarsenandToubro INE018A01030 OrderWin Minerals Metals Business VedantaGroup