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Larsen and Toubro Secure Orders Worth Rs. 1050 Crores

Equitypandit_L&T

Larsen and Toubro (L&T), an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services, released a statement, stating that its subsidiary, L&T Heavy Engineering, has secured additional orders worth Rs 1,050 crores during the September quarter of the current fiscal year.

Larsen and Toubro said in a BSE filing, “These include three super heavy hydrocracking reactors for an Indian refinery…to be built for the first time in the world. The total order inflow in H1 FY19 for the process plant and nuclear equipment business of heavy engineering has reached Rs 2,661 crore, a significant achievement after a prolonged subdued market scenario.”

Shailendra Roy, L&T Whole-Time Director (Power, Heavy Engineering and Nuclear), said these orders reflect the confidence the clients have in the company for supplying such critical reactors.

He added, “We see a growing demand in the market due to buoyant crude prices and tightening of emission norms world over. Our state-of-the-art Hazira manufacturing Complex is well poised to cater to such a niche segment.”

According to L&T Heavy Engineering statement, the company has a proven track record of supplying technology-intensive reactors and systems to global companies in the refinery, oil & gas, petrochemical, fertiliser, thermal and nuclear power sectors.

Larsen & Toubro which operates in over 30 countries worldwide, has over US$ 18 billion in revenue.

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