Business
L&T Heavy Engineering Bags Multiple Orders Worth Up To Rs 2,500 Crore In Third Quarter Of FY23
L&T's A M Naik Heavy Engineering Complex (Representative Image)
Construction and engineering major Larsen & Toubro (L&T) on Monday (9 January) announced that its Heavy Engineering arm has bagged 'significant' orders worth up to Rs 2,500 crore in third quarter of financial year 2022-23.
Though the company has not revealed the exact value of the orders, the contracts fall under 'significant' category that ranges between Rs 1,000 crore to Rs 2,500 crore.
"The Heavy Engineering arm of Larsen & Toubro has won multiple orders (Significant) in Q3 of FY23," the company said in a statement.
In the overseas market, L&T Heavy Engineering secured orders for one of the heaviest reactors and screw plug heat exchangers for a refinery in Mexico.
The L&T subsidiary also secured orders for supply of critical reactors and vessels for blue ammonia projects in USA and Uzbekistan.
It also bagged strategic orders for process plant equipment from a European client.
"All the orders were won against stiff international competition on the back of reliable performance," the company said.
On the domestic front, L&T heavy engineering secured orders to manufacture critical residue upgrading reactors and to design and manufacture high-pressure screw plug heat exchangers with complex Cr-Mo-V steel material for IOCL’s Panipat refinery P25 expansion project.
Further, L&T Heavy Engineering’s modification, revamp and upgrade (MRU) business segment won an order to revamp a Urea plant on an EPC basis.
"The objective of the revamp is to improve reliability and safety of a very old (>50 yrs) plant, increase this plant’s capacity and enhance its energy efficiency to meet the Government of India's stipulated norms," the company said.
Additionally, the L&T arm secured a repeat order from a fertiliser manufacturer for fabrication and installation of steam superheater coils, it added.
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