Larsen and Toubro bags Rs.1,100 crore Gujarat deal

February 14th, 2011 - 3:36 pm ICT by IANS  

Mumbai, Feb 14 (IANS) Engineering and construction major Larsen and Toubro Monday said it has bagged a Rs.1,100-crore order from the Gujarat State Electricity Corporation for setting up a 375 MW gas-based power plant in the state. “The engineering procurement and construction order was bagged by L&T under global competitive bidding against stiff competition from domestic and international power plant equipment manufacturers,” the company said in a regulatory filing.

“It will procure advance gas turbines and high-efficiency steam turbines for the plant from Siemens AG in Germany,” it added.

The project will be executed by the gas-based power projects business unit of Baroda-based L&T Power and will be commissioned during the next five-year plan.

The scope of the project includes design, detailed engineering, supply, installation and commissioning of the complete power plant on a turn key basis, the company said.

At the Bombay Stock Exchange, the shares of the company were up 5.21 percent at Rs.1,637.60.

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