L&T wins Rs1,400 cr order from IOC

L&T wins Rs1,400 cr order from IOC

Mumbai: Engineering major Larsen & Toubro said on 29 March it has bagged an order worth Rs1,400 crore from the Indian Oil Corporation (IOC) to develop reactor for fuel refinery at Orissa.

The order is bagged by hydrocarbon mid and downstream business group of the company’s engineering and construction division, Larsen & Toubro said in a filing to the Bombay Stock Exchange.

The company has secured order for a 4.17 million metric tonne per annum reactor regenerator project of a grassroot fuel refinery at Paradip, Orissa, the filing added.

The scope of work includes engineering, procurement, supply and performance test run. The project shall be executed on a turnkey basis and is expected to start by July 2012, it said.

Shares of Larsen & Toubro were trading at 1,645.90 on BSE, up 0.63 per cent from previous close. PTI AKH SUM 03291047