Shares of Larsen and Toubro Ltd (L&T) were trading in the green on 24 October after the company announced that its minerals and metals business vertical had recently earned “large” contracts in India.
L&T considers orders in the Rs 2,500 crore to Rs 5,000 crore range as ‘big’. Hindalco has placed an order to build a 180 KTPA aluminium smelter and gas treatment facility for its planned greenfield project in Odisha.
The scope of work for the aluminium smelter job includes civil and structural works, as well as supply and erection, and for the GTC job, engineering, procurement, construction (EPC) and plant installation.
L&T also received an order from Tata Steel to install a 1 MTPA coke oven battery 6 A/B in Jamshedpur. The scope of work comprises engineering, production, supply, construction, and plant installation.
The minerals and metals business sector has also received various orders from clients across India for mining and material handling equipment such as stacker reclaimers, wagon tipplers, crushers, and surface miners.
“These order wins across the aluminium and steel sectors are a testament to L&T’s engineering excellence, execution capability and enduring customer relationships,” T Kumaresan, senior vice-president and head of minerals and metals at L&T, said.
At 12:37 pm, the shares of Larsen and Toubro were trading 0.07% higher at Rs 3,921.80 on NSE.
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