L&T gets deal worth Rs1,372 cr from steel cos

L&T gets deal worth Rs1,372 cr from steel cos


Mumbai: Diversified engineering firm Larsen and Toubro (L&T) on Tuesday said it has received three orders worth Rs1,372 crore from three different steel companies for engineering related works.

The company has received an order worth 516 crore from Vedanta Aluminium for setting up of an alumina refinery at its three-million-tonne-per-annum (MTPA) Lanjigarh plant in Orissa, L&T said in a filing to the Bombay Stock Exchange.

It also said the scope of the order, which would be completed in 20 months, involves civil, structure, tanks, equipment erection, piping and commissioning assistance for the alumina refinery.

The company has bagged another order worth Rs455 crore from Utkal Alumina International for setting up a green field alumina refinery at Rayagada in Orissa with a capacity of 1.5 MPTA, it stated.

According to the company, the green field project would be completed in two years.

While, L&T secured another order worth Rs401 crore from Bhushan Steel for engineering related works at its Angul plant in Orissa.

The scope of work includes setting up of a steel melt shop and coke oven, apart from the civil, structural, equipment and piping works, the company said.

It was trading at Rs829.79, up 1.14% on the Tuesday’s morning trade on the BSE.