L&T bags export orders worth $71.3 million

Orders bagged from Mitsubishi Hitachi Power Systems Ltd through its two joint venture (JV) firms

Engineering major Larsen & Toubro (L&T) today said it has bagged export orders worth $71.3 million (nearly Rs 480 crore) from Mitsubishi Hitachi Power Systems Ltd through its two joint venture (JV) firms.

"Larsen & Toubro (L&T) through its joint venture companies L&T-MHPS Boilers Private Ltd (LMB) and L&T-MHPS Turbine Generators Private Ltd (LMTG) has secured export orders worth $71.3 million from Mitsubishi Hitachi Power Systems Limited (MHPS)," the company said in a BSE filing.

"LMB contract includes supply of pressure parts for 2 x 1000 MW power plant in Indonesia and contains furnace header, panel, coils and piping."

LMB is currently executing nine export orders for the supply of pulverisers and pressure parts for various MHPS projects in Japan and Indonesia.

This order takes LMTG's tally of export orders to 22 units, out of which 11 are being executed, thus increasing its global footprint of sub-critical to ultra supercritical steam turbines and components to the Americas, Middle-East and the Far-East, it added.

The stock of Larsen & Toubro was trading 0.04% higher at Rs 1,565.80 on BSE.