Home ECONOMY L&T bags orders worth Rs.1,507 crore

L&T bags orders worth Rs.1,507 crore


Mumbai, June 22:

The metallurgical and material handling division of Larsen and Toubro (L&T) on Monday said it had won fresh orders valued at Rs.1,507 crore in various business verticals.

L&TIn the international domain, it secured an engineering, procurement and construction (EPC) order from the Emirates Global Aluminium (EGA) for a Greenfield alumina refinery development project in Al-Taweelah in the United Arab Emirates.

In a statement, the company said the scope of work involved engineering, procurement, fabrication, erection and related works.

On the domestic front, another EPC contract was bagged from Steel Authority of India to instal slab caster and suppressed combustion system along with replacement of basic oxygen furnace converter for modernisation of its steel melt shop in Bokaro in Jharkhand.

“These orders are clear signs of improved business prospects in the sector L&T operates as well as… increasing presence in the Gulf,” the company said.

Operating across 30 countries, L&T has a consolidated revenue in excess of $15 billion. (IANS)