L&T secures large order for its Water & Effluent Treatment business

Larsen and Toubro (L&T) on Thursday announced that its Water & Effluent Treatment (WET) Business along with Lantania of Spain has signed a contract with ACWA Power, a Middle East based developer. The contract is to build the Ras Mohaisen Desalination plant in the Kingdom of Saudi Arabia. In a regulatory filing, the company said that WET had won the order in a joint venture with Lantania of Spain, wherein it happens to be the lead partner. 

Ras Mohaisen Desalination plant will have a capacity of 300,000m /day. The project’s scope includes design, procurement, construction, testing and commissioning of a seawater reverse osmosis desalination plant, L&T said, while maintaining, “It encompasses intake and outfall facilities, process units, pumping stations, 600,000 cubic meters potable water storage facility, electrical special facility and associated works along with state-of-the-art automation and instrumentation systems. A Solar PV plant is also part of the project scope.”

ALSO READZero tariffs: Nomura says ‘no sizeable impact’ expected on India’s auto sector

The plant will serve as a drinking water source for Makkah Al-Mukarramah and Al-Baha regions. This is the second desalination order that L&T has received in Saudi Arabia in the recent past. 

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

Markets end lower ahead of Holi: Nifty below 22,400, Sensex slips 200 points; Shriram Finance, Hero MotoCorp major losers

The Indian stock market wrapped up the last trading session of the week on a weak note, as both the Sensex and Nifty closed in the red. After opening on a positive note, indices lost momentum in the latter half of the session, weighed down by selling pressure across sectors. The Sensex ended at 73,828.91

Coforge leads Morgan Stanley’s midcap IT picks. Here’s why…

The brokerage firm, Morgan Stanley has weighed in on India’s midcap IT landscape, offering some highlights into the sector’s growth and stock preferences. According to the brokerage, the IT industry is entering a “transition phase” with revenue growth expected to moderate in the near term. Among midcaps, Coforge emerges as a strong contender. The brokerage

SEBI may introduce suitability test for Retail F&O traders: Report

Retail traders looking to dabble in Futures & Options (F&O) may soon have to prove they are financially and intellectually prepared for the high risk segment. The Securities and Exchange Board of India (SEBI) is reportedly considering a “suitability exercise” to ensure traders have the required knowledge and funds before stepping into derivatives trading. According

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Markets end lower ahead of Holi: Nifty below 22,400, Sensex slips 200 points; Shriram Finance, Hero MotoCorp major losers

The Indian stock market wrapped up the last trading session of the week on a weak note, as both the Sensex and Nifty closed in the red. After opening on a positive note, indices lost momentum in the latter half of the session, weighed down by selling pressure across sectors. The Sensex ended at 73,828.91

Coforge leads Morgan Stanley’s midcap IT picks. Here’s why…

The brokerage firm, Morgan Stanley has weighed in on India’s midcap IT landscape, offering some highlights into the sector’s growth and stock preferences. According to the brokerage, the IT industry is entering a “transition phase” with revenue growth expected to moderate in the near term. Among midcaps, Coforge emerges as a strong contender. The brokerage

SEBI may introduce suitability test for Retail F&O traders: Report

Retail traders looking to dabble in Futures & Options (F&O) may soon have to prove they are financially and intellectually prepared for the high risk segment. The Securities and Exchange Board of India (SEBI) is reportedly considering a “suitability exercise” to ensure traders have the required knowledge and funds before stepping into derivatives trading. According

Market downturn: 54.7 lakh SIPs closed in February, pushing closure ratio to 122

As many as 57.5 lakh SIPs (systematic investment plans) were closed in the month of February as investor sentiment remained under pressure due to sustained sell-offs in the equity market. The number of new SIPs registered during the month stood at 44.56 lakh, which pushed the SIP closure ratio to 122 for February against 109

Central govt employees to get 3 DA installments frozen during pandemic?

The Confederation of Central Government Employees & Workers has again raised the issue of various long-pending demands of the Central Government employees and pensioners. Among the various demands, one is the payment of dearness allowance (DA) arrears frozen during the Covid pandemic period, according to a circular issued by the Confederation. These DA arrears pertain