Larsen and Toubro (L&T) on Tuesday announced that its Minerals & Metals (M&M) business vertical has bagged a major order to set up a Pellet Plant and a Direct Reduction of Iron (DRI) Plant for a client in the Middle East & North Africa (MENA) region. In a regulatory filing, the company said that these pertain to a major order secured earlier from the client, which is a steel producer in MENA and are part of the global initiative towards decarbonisation.
The scope of work, it added, includes design-build Pellet and DRI plants encompassing engineering, supply, erection and construction works. L&T has been involved in many iron and steel manufacturing plants globally, and these new projects reaffirm its expertise in delivering design-build steel plants.
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DK Sen, Executive Committee Member and Advisor to the CMD, L&T, said, “This reflects M&M’s leadership position in successful execution of complex iron & steel plant projects in the MENA region. It further demonstrates the unwavering commitment of M&M in delivering steel plant projects conforming to international standards in quality, safety, and on time completion.”
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L&T’s M&M vertical offers end-to-end solutions in the EPC domain across sectors such as mining, minerals processing, industrial products and metallurgical plants.
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.
Earlier in January, L&T released its fiscal third quarter earnings report wherein it said that the company received its highest ever quarterly orders of Rs 116,036 crore at the group level, up 53 per cent YoY. During the quarter, it said, orders were received across multiple geographies and diverse sectors like Thermal Power,
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