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.

Also ReadTCS Q3 Earnings tomorrow: Here are 4 things street is watching out for

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.

 » Read More

Related Articles

Modest Q3 on the cards for India Inc

After a disappointing September 2024 quarter, in which aggregate net profits for India Inc barely grew, companies are expected to turn in a better performance for Q3FY25. Earnings season comes against the backdrop of a slowing economy characterised by weak consumer demand and modest increases in investments. Among the key factors that would have influenced

Gold imports in April-November overstated by $11.7 billion: Govt

India over-counted its gold imports for every single month of the current financial year up to November with cumulative over-reporting to the tune of $11.73 billion or 31% in the first eight months. This was revealed in a review triggered by a sharp, inexplicable spike in imports of the yellow metal in November. According to

BP wins bid to operate ONGC’s Mumbai High field

British multinational oil and gas company, BP, has been selected as the technical service provider for enhancement of state-owned Oil and Natural Gas Corp’s Mumbai High oil and gas field providing up to 60% increase in the production over baseline levels. The upstream major had in June issued an International Competitive Bidding tender to engage

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Modest Q3 on the cards for India Inc

After a disappointing September 2024 quarter, in which aggregate net profits for India Inc barely grew, companies are expected to turn in a better performance for Q3FY25. Earnings season comes against the backdrop of a slowing economy characterised by weak consumer demand and modest increases in investments. Among the key factors that would have influenced

Gold imports in April-November overstated by $11.7 billion: Govt

India over-counted its gold imports for every single month of the current financial year up to November with cumulative over-reporting to the tune of $11.73 billion or 31% in the first eight months. This was revealed in a review triggered by a sharp, inexplicable spike in imports of the yellow metal in November. According to

BP wins bid to operate ONGC’s Mumbai High field

British multinational oil and gas company, BP, has been selected as the technical service provider for enhancement of state-owned Oil and Natural Gas Corp’s Mumbai High oil and gas field providing up to 60% increase in the production over baseline levels. The upstream major had in June issued an International Competitive Bidding tender to engage

EXPLAINER | How front-running distorts capital markets

The markets regulator recently barred stockbroker Ketan Parekh and two others from the securities markets for alleged involvement in a front-running scheme. Akshata Gorde explains how these illegal activities erode investor confidence & what SEBI is doing to deter such malpractices Also ReadDelta Autocorp IPO: GMP surges 84% on Day 2 – Is this SME

SC order on land row drags Aditya Birla realty shares

The shares of Aditya Birla Real Estate (formerly known as Century Textiles and Industries) fell 4.57% on Wednesday after the Supreme Court overturned a 2022 ruling by the Bombay High Court, which had favoured the company in a land dispute with the Municipal Corporation of Greater Mumbai (MCGM). Also ReadTop volume gainers today: Here are