L&T wins large orders for Minerals & Metals Business

The Minerals & Metals (M&M) business vertical of Larsen & Toubro (L&T) has recently secured multiple orders in India.

These includes an order from Hindalco for setting up a 180 KTPA Aluminium Smelter along with the Gas Treatment Centre (GTC) for their upcoming greenfield project in Odisha. The scope for the Aluminium Smelter job includes civil and structural works, supply and erection. The GTC job involves engineering, procurement, construction and plant installation.

L&T has been a trusted and time-tested partner to Hindalco for over three decades, playing key role in their expansion programmes across alumina, aluminum and copper plants.

M&M has also secured an order for setting up 1 MTPA Coke Oven Battery 6 A/B from TATA Steel, Jamshedpur. The scope of work includes engineering, manufacturing, supply, construction and plant installation.

Then, the Product Business Unit of M&M has secured multiple orders - from several clients across India - for mining and material handling equipment such as Stacker Reclaimers, Wagon Tipplers, Crushers and Surface Miners.

Commenting on the order wins, T Kumaresan, Senior Vice President & Head - Minerals & Metals, L&T, said: "These order wins across the aluminium and steel sectors are a testament to L&T's engineering excellence, execution capability and enduring customer relationships. These further strengthens our role in shaping the nation's industrial infrastructure, while deepening the relationship with the steel sector through world-class execution and technological excellence".

M&M offers world-class end-to-end solutions in the EPC domain across sectors such as mining, minerals processing, industrial products and material handling. Its Product Business provides cost-effective end-to-end solutions for industries such as mining, cement, steel, fertilisers and ports.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3918.00 as compared to the previous close of Rs. 3887.10. The total number of shares traded during the day was 279876 in over 24702 trades.

The stock hit an intraday high of Rs. 3966.20 and intraday low of 3889.30. The net turnover during the day was Rs. 1098536972.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 LandT Construction Engineering Minerals Metals OrderWin