L&T bags slew of new orders

Engineering giant Larsen & Toubro Ltd. (L&T) said it has booked large orders valued at Rs51.77bn this week. This is in addition to several smaller orders secured by the company's other businesses that are not announced.

L&T has bagged a contract worth Rs12.45bn for the construction of the Dam Package, a part of the 1200 MW Punatsangchhu-I Hydroelectric Project in Bhutan. The project is being set up by the Punaatsangchhu-I Hydroelectric Project Authority which has been constituted through an agreement between the Government of India and the Royal Government of Bhutan. This is the first of a series of 10 hydropower projects jointly identified by India and Bhutan and to be implemented for a total installed capacity of 11,576 MW by 2020.

L&T said it has bagged two orders totaling Rs11.43bn from Tata Steel. These comprise Rs6.89bn for turnkey construction of Dry Cushing & Material Preparation Plant (DCMP) at Joda Mies and Engine-on-Load (EOL) Scheme at Noamundi Mines and another Rs4.54bn order for Iron Ore & Pallet Handling System at Jamshedpur.

MRPL has awarded L&T two large project orders for Rs13.44bn, including a 3.7 MMTPA Diesel Hydrotreating Unit and a 70,000 TPA Hydrogen Generation Unit (HGU) in the ‘Phase - III Refinery Project’ at Mangalore. The projects will enhance capacity and upgrade fuel quality to meet Euro IV specifications.

L&T has bagged a slew of large-value orders aggregating Rs11bn in the electrical construction sector in the fourth quarter of 2008-09. The orders have come from leading public sector organizations - the PowerGrid Corporation of India Ltd. and the Rail Vikas Nigam Ltd. The orders involve setting up of high end transmission lines and substations as well as a project for the Indian Railways.

L&T has won an order worth Rs3.45bn for design, manufacture and supply of four steam generators for 700 MWe Pressurized Heavy Water Reactors from the Nuclear Power Corporation of India Ltd. The steam generators are critical and long lead equipment to be supplied to Kakrapar Atomic Power project. These will be the largest steam generators built in India so far, and will enable an increase in the size of future indigenously built nuclear power projects from 540 MWe to 700 MWe.