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Larsen and Toubro bags Rs.1,610 orders in Q1
24 June, 2011
Construction and engineering major Larsen and Toubro (L&T)
said its construction division has bagged orders worth
Rs.1,610 crore from Tata Steel Ltd, India Bulls Ltd and other
firms during the first quarter of this fiscal.
"A major portion of these orders pertain to Kalinga Nagar
project of Tata Steel in Orissa," the L&T said in a regulatory
Tata Steel is setting up four new coke oven batteries each of
0.75 million tonne per annum (mtpa) capacity. Apart from
constructing the entire coke oven and by-product plants, L&T
is also providing detailed engineering and supply of balance
The company has embarked upon a challenging schedule of
constructing the first battery in less than two and a half
years against industry average of three years.
This is L&T's third project in the
coke oven construction business which has very few players. It
is already constructing a coke oven complex for Tata Steel's
Jamshedpur works and another coke oven complex for Bhushan
steel's Meramandali, Orissa, works.
The company has also bagged an order
worth Rs.240 crore from India Bulls Power Ltd for civil and
structural works of coke handling plants and ash handling
plant for Amravati and Nashik thermal projects in Maharastra.
The project has to be completed in 23 months.
At the Bombay Stock Exchange, the shares of L&T were up 2.14
percent to trade at Rs.1,703.90.