L&T Heavy Engineering wins large orders in International Markets

L&T Heavy Engineering, the hi-tech manufacturing arm of Larsen & Toubro, has secured a series of international orders across Asia, Africa, North America, South America and Europe, reinforcing its position as a global leader in process plant equipment.

The business has secured orders from Africa's largest industrial conglomerate, Dangote Group, for a mega refinery and multi-train fertiliser expansion projects in Nigeria and Ethiopia. The scope includes the supply of critical process equipment, comprising the world's largest Fluid Catalytic Cracking Reactor Regenerator Package, all critical urea and ammonia equipment.

Additionally, the business has won a repeat order from a Japanese customer for the manufacture and supply of Heat Exchangers and Absorbers for an LNG project in Canada. The business has also secured orders for its core equipment including Coke Drums, Fractionator Columns and Heat Exchangers from customers in Spain, US and Brazil.

Commenting on this, Anil Parab, Whole-time Director & Sr Executive Vice President - Manufacturing, L&T) said: "These orders reaffirm the trust and confidence that customers place in L&T's world-class manufacturing capabilities and its consistent track record of delivering highquality process equipment to global clients".

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3793.60 as compared to the previous close of Rs. 3816.85. The total number of shares traded during the day was 68970 in over 15080 trades.

The stock hit an intraday high of Rs. 3828.50 and intraday low of 3779.00. The net turnover during the day was Rs. 262205136.00.

Source : Equity Bulls

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