L&T bags significant order to deploy advance welding technology for Global Nuclear Fusion Project

Larsen and Toubro (L&T) on Friday announced that it has won a new significant order from the France-headquartered intergovernmental body – the ITER organisation for deployment of critical advanced technologies for assembly of ports and complex parts with the Vacuum Vessel at the world’s largest nuclear fusion project at Cadarache in Southern France. 

In a regulatory filing, the company said that it has also inked an MoU with the ITER Organization – for technical collaboration on the project. Under the MoU, L&T will help the ITER Organization with the development of ‘state of the art’ technology for the ‘first of a kind’ hardware and assembly of all such fusion relevant systems inside the vacuum vessel of ITER Tokamak to control the plasma operation. The majority of these activities will be in the Tokomak pit at the ITER site.

Also ReadIndia joining trade pillar of IPEF not ruled out : Official

During the COVID pandemic in 2020, L&T had successfully fabricated and completed the early delivery of a stainless-steel high-vacuum pressure vessel (Cryostat) for the ITER project. 

Also Read How the rise of AI in the EV industry drives the need for skilled workers? Power ministry pitches for PLI for transmission equipment Co-operation or contention? An agreement on lowering emissions Eye on festive season: E-commerce firms ramp up fulfilment capacities in small cities

Pietro Barabaschi, Director General ITER, said, “I’m happy to announce the signing of this MoU with Larsen & Toubro. In previous contributions to ITER, L&T has demonstrated its reliability in high-tech manufacturing. This is vital to meeting the technology challenges of the ITER project. I wish to add that India has been a strong partner and contributor to ITER, and we look forward to continued collaboration.”

Anil Parab, Whole-time Director & Sr Executive Vice President – Heavy Engineering and L&T Valves, said, “L&T and ITER are teaming up to combine their strengths to build the world’s largest Tokomak, to prove the feasibility of nuclear fusion as a large scale and carbon-free source, based on the same principles that powers the Sun. The technical collaboration will showcase L&T’s capabilities in high-tech manufacturing in global markets.”

According to the company, the value of significant order is between Rs 1000 crore and Rs 2500 crore,

 » Read More

Related Articles

Something is better than nothing, say FMCG firms

The significant income tax cut announced in the Union Budget will aid consumer spending, but only in parts, as the middle class is likely to utilise the extra money in hands to pay off loans, save and invest, some of the country’s top consumer goods companies say. Suresh Narayanan, chairman and MD, Nestle India, said

What is stoking Inox Wind’s growth? The Analysts Say…  

By Mohit Bhambhani Understanding Inox Wind’s business, and the project pipeline, revenues expected in future and their impact on stock price. Also, understanding the guidance provided by company, credit rating, and Analysts views on the stock. Inox Wind’s stock price has shown a 48% growth over last one year. That’s impressive when compared with the

Stocks To Watch: Eicher Motors, Hero MotoCorp, GR Infraprojects, Lupin, Moil, NMDC, Coal India, Aarti Industries, Anant Raj

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Monday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty was trading 127 points or 0.54% lower at 23,440 indicating a negative start for domestic indices NSE Nifty 50

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Something is better than nothing, say FMCG firms

The significant income tax cut announced in the Union Budget will aid consumer spending, but only in parts, as the middle class is likely to utilise the extra money in hands to pay off loans, save and invest, some of the country’s top consumer goods companies say. Suresh Narayanan, chairman and MD, Nestle India, said

What is stoking Inox Wind’s growth? The Analysts Say…  

By Mohit Bhambhani Understanding Inox Wind’s business, and the project pipeline, revenues expected in future and their impact on stock price. Also, understanding the guidance provided by company, credit rating, and Analysts views on the stock. Inox Wind’s stock price has shown a 48% growth over last one year. That’s impressive when compared with the

Stocks To Watch: Eicher Motors, Hero MotoCorp, GR Infraprojects, Lupin, Moil, NMDC, Coal India, Aarti Industries, Anant Raj

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Monday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty was trading 127 points or 0.54% lower at 23,440 indicating a negative start for domestic indices NSE Nifty 50

You still need EPF, NPS, insurance

The huge relief in the new tax regime will enhance take-home pay, spur consumption and reduce the allure of traditional tax-saving investments. However, individuals must continue to invest in Employees’ Provident Fund (EPF), National Pension System (NPS), equity-linked savings schemes (ELSS), term and health insurance for their long-term financial security even if the tax-saving incentive

Tax sops may make selling life, health policies tough  

Insurers could find it hard to sell life and health insurance policies, as the enhanced benefits under the new income tax regime reduce their appeal, particularly for those investing in insurance for tax-saving purposes. Finance minister Nirmala Sitharaman on Saturday proposed that no income tax will be levied on those earning up to ₹12 lakh