L&T bags orders worth Rs1,143 cr from Tata Steel

L&T bags orders worth Rs1,143 cr from Tata Steel
PTI
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First Published: Thu, Apr 02 2009. 10 41 AM IST
Updated: Thu, Apr 02 2009. 10 41 AM IST
Mumbai: Engineering and construction major Larsen & Toubro today said it has bagged two orders totalling Rs1,143 crore from Tata Steel for construction-related works.
In a filing to the BSE, L&T said its metallurgical, material handling and water operating division would execute these orders.
The first order comprises of Rs689 crore for construction of dry crushing and material preparation plant (DCMP) and engine-on-load (EOL) scheme while the other project order valued at Rs454 crore is for constructing iron ore and pellet handling system, both at Jamshedpur.
The scope of work includes engineering, testing and commissioning of projects, the filing added.
These projects would be executed in a schedule of 30 months for the DCMP project, 24 months for EOL scheme and 23 months for iron ore and pellet handling system, it said.
L&T is already implementing blast furnace and pellet plant packages for three MTPA (million tonne per annum) expansion project of Tata Steel at Jamshedpur.
With the bagging of above orders, L&T has emerged as the major partner of Tata Steel in the implementation of three MTPA expansion project, it added.
Shares of L&T were trading at Rs706.70, up 5.09% on the BSE.
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First Published: Thu, Apr 02 2009. 10 41 AM IST