Q3 update: L&T’s Heavy Engineering arm bags order in range of Rs 1000-2500 crore in India and abroad

Larsen and Toubro (L&T) on Wednesday announced that its Heavy Engineering vertical has secured multiple orders in the third quarter of FY25 in the overseas and domestic markets. In the overseas market, it secured an order for LNG equipment for a project in the USA. One of the largest LNG project orders, the company said in a regulatory filing, this underscores L&T’s position as a global leader in the heavy engineering sector, leveraging extensive expertise and state-of-the-art manufacturing technology to deliver high-quality LNG equipment. 

The business also secured an order for a loop reactor in a Propane Dehydrogenation (PDH) Polypropylene (PP) Plant in Turkey. “The order is a testament to L&T’s hi-tech manufacturing prowess in the petrochemical segment,” it said.

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Further, the business has also secured a prestigious repeat order from an oil & gas customer in Saudi Arabia for a Fluid Catalytic Cracking Unit (FCCU) revamp project. L&T said, “The order reaffirms L&T’s position as a reliable and trusted player in brownfield EPC space, delivering innovative and high-quality solutions for complex revamp projects.”

The business has also bagged an order from a client in Kuwait, for the supply of critical components for hydrocracker reactors and high-pressure heat exchangers.

Meanwhile, on the domestic front, the company’s Heavy Engineering arm has secured orders for three urea reactors – from Southern Petrochemical Industries Corporation for urea reactor, Indian Farmers Fertiliser Cooperative Ltd, and Indorama India Private Ltd. These have taken the number of urea reactor orders that the business has received in recent years to 17 in a row.

According to the company, the value of significant order is between Rs 1000 crore and Rs 2500 crore, large orders are worth Rs 2500 crore- Rs 5000 crore, major orders are in the range of Rs 5000 crore- Rs 7000 crore and mega orders are worth above Rs 7000 crore.

L&T is a multinational company engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.

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