L&T wins major order for Hydrocarbon Onshore Business

L&T's Hydrocarbon Onshore business vertical (L&T Onshore) has won a major order from Bharat Petroleum Corporation Ltd (BPCL).

The scope of work encompasses engineering, procurement, construction and commissioning of a Linear Low-Density Polyethylene / High-Density Polyethylene (LLDPE / HDPE) Swing Unit comprising two trains of 575 KTPA each, at Bina in Madhya Pradesh.

To be executed by L&T Onshore on a Lump Sum Turnkey basis, it will be India's largest LLDPE / HDPE Swing Unit, setting a new benchmark in polyethylene production capacity.

The project forms an integral part of BPCL's Bina Petrochemicals & Refinery Expansion Project which aims to set up a petrochemical complex and enhance refinery capacity from 7.8 MMTPA to ~11 MMTPA. It aligns with Government of India's 'Aatmanirbhar Bharat' vision by strengthening domestic manufacturing and achieving self-sufficiency in polymer production.

Commenting on the order win, Mr. Subramanian Sarma, Deputy Managing Director & President - L&T, said: "This is a major order that will not only strengthen our balance sheet but also provide impetus to our demonstrated credentials in downstream hydrocarbon EPC space".

Mr. E S Sathyanarayanan, Senior Vice President & IC Head of L&T Energy Hydrocarbon - Onshore & Member of the Ecom - L&T: "In the ever-evolving landscape of the hydrocarbon and petrochemical sector, this win for L&T Onshore is a testament to the trust that customers repose in our execution and delivering capabilities. We are fully committed to delivering the project with high standards of HSE and quality".

L&T Onshore is one of India's largest EPC businesses, delivering comprehensive Lump Sum Turnkey solutions across the upstream, midstream and downstream hydrocarbon sectors. With a strong execution track record across geographies, it has delivered refinery expansions, petrochemical complexes, gas processing plants, fertiliser plants, LNG terminals and crosscountry pipelines.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 4071.50 as compared to the previous close of Rs. 4074.20. The total number of shares traded during the day was 35659 in over 4328 trades.

The stock hit an intraday high of Rs. 4096.55 and intraday low of 4068.05. The net turnover during the day was Rs. 145425273.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 LandT HydrocarbonOnshoreBusiness OrderWin BPCL