Infrastructure major Larsen & Toubro (L & T) said on Wednesday it has won orders for construction of metallurgical plants besides power transmission and distribution projects in the range of Rs 1,000 crore to 2,500 crore.L & T said that its metallurgical and material handling business has got orders to construct a metallurgical plant in the domestic market, add on orders from an overseas customer and product supply orders from various customers."Traction in metal prices gives a good outlook for the business in the near and medium term," it said in a statement.The company has also bagged engineering, procurement, construction and commissioning (EPCC) contracts to construct a 500 kilovolt transmission line in Malaysia.The proposed overhead line will facilitate power evacuation from an upcoming combined cycle power generating facility in the region, said L & T.
The contract has been awarded through international competitive bidding on a lump sum turnkey (LSTK) basis
The Rs 3,338 crore order is a contract from Rail Vikas Nigam for package-4 of a new broad-gauge line between Rishikesh and Karnaprayag
The order, classified as large, has a size between Rs 2,500-5,000 crore, informed the company in its release
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This achievement will certainly give a huge fillip to the mass housing segment, said the company
S N Subrahmanyan, managing director and chief executive officer of L&T, said, these orders are a strong indication of the revival taking place in the mining industry
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The firm also announced a special dividend of Rs 18 per share
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Infrastructure company Larsen & Toubro (L&T) on Monday said its construction arm has received multiple orders across business segments in the domestic market. The company did not provide the value of the contracts, but said the orders fall under the significant' category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts. "The construction arm of L&T has secured orders from prestigious clients for its varied businesses," L&T said in a regulatory filing. L&T said its buildings and factories business has secured a design-and-build order from a client in India to construct office space in two locations in Bangalore, with a total built up area of 2 million square feet. Its water and effluent treatment business has received an order from Punjab Water Supply and Sewerage Board, Punjab, to provide surface-based bulk drinking water supply to Jalandhar town, Punjab, on design, build, operate and transfer basis. The project ..
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The Acquisition Wing, Ministry of Defence signed contracts with Bharat Earth Movers Ltd (BEML), Tata Power Company Ltd (TPCL), and Larsen & Toubro (L & T) on August 31.
The deal, which was first announced in May 2018, is worth Rs 14,000 crore and is one of L&T's biggest divestment so far by value
MEP Infrastructure was up around 4.5 per cent to Rs 18.70 on the BSE.