L&T bags orders worth Rs.10 bnJune 20th, 2008 - 3:25 pm ICT by IANS
Mumbai, June 20 (IANS) Engineering and construction heavyweight Larsen and Toubro (L&T) has bagged orders worth Rs.10 billion for supplying high-tech equipment and systems in the first two months of this quarter, the company said here Friday. Major local contracts include orders to supply power plant equipment to Coastal Gujarat Power Ltd, a Tata Power subsidiary, and critical reactors to HPCL Mittal Energy’s Bhatinda refinery project.
Export orders include supplying coke drums to Kuwait National Petroleum, high-pressure heat exchangers to Petroleo Brasileiro of Brazil, ammonia converters to UHDE in Germany and reactors to PTT Asahi Chem Co. in Thailand.
The orders were bagged against competition from Italian, Japanese and Chinese manufacturers, the company said in a statement. It has in the past supplied critical reactors and high pressure heat exchangers to refinery and petrochemical majors in the US, Canada, Europe and China.
The projects would be executed by L&T’s heavy engineering division at its manufacturing units at Powai, Mumbai and Hazira, Gujarat.
L&T is upgrading its Hazira unit; it’s also setting up a new unit at Oman, its senior executive vice-president M.V. Kotwal said in the statement.