Mumbai: Engineering and construction major Larsen & Toubro has bagged Rs1,107 crore orders from Steel Authority of India Limited (SAIL) for turnkey construction of one coal and coke handling plant and one base mix preparation plant at IISCO steel plant at Burnpur in West Bengal. This was disclosed by the company in a filing to the BSE.
“L&T is a leading player in the field of Bulk Material Handling Projects, and has been active in this field for over 27 years, catering to steel, power, port and cement sector requirements. Further, L&T is well known for its track record of high quality and on-time delivery,” said K V Rangaswami, president (construction) and board member, L&T.
The construction division of L&T, ECC, would execute the order and the project would be completed in 26 months, it said.
“L&T has already signed a contract for executing the sinter plant package for SAIL at IISCO Steel Plant on a turnkey basis. With these orders L&T has emerged as the largest partner in the implementation of 2.5 mtpa modernisation project at IISCO Burnpur,” Rangaswami added.
The scope of work includes basic and detail engineering, civil and structural works, testing and commissioning of the same.
Shares of L&T were trading at Rs3,518, down 3.10% on BSE in afternoon trade.