L&T retains Rs. 11,070-mn worth contract

Mumbai: Engineering and construction major Larsen & Toubro has bagged Rs 1,107 crore orders from steel behemoth SAIL for construction of two plants at Burnpur in West Bengal.

Larsen & Toubro bagged orders worth Rs 1,107 crore from SAIL for the turnkey construction of coal and coke handling plant and base mix preparation plant at IISCO Steel Plant at Burnpur, L&T said in a filing to the Bombay Stock Exchange.

'L&T is a leading player in the field of Bulk Material Handling Projects, and has been active in this field for over 27 years, catering to steel, power, port and cement sector requirements. Further, L&T is well known for its track record of high quality and on-time delivery,' L&T President (construction) and board member K V Rangaswami said.

The construction division of L&T, ECC, would execute this order and this turnkey project would be completed in 26 months, it said.

'L&T has already signed a contract for executing the sinter plant package for SAIL at IISCO Steel Plant on a turnkey basis. With these orders L&T has emerged as the largest partner in the implementation of 2.5 MTPA modernisation project at IISCO Burnpur,' Rangaswami added.

The scope of work includes basic and detail engineering, civil and structural works, testing and commissioning of the same.

Shares of L&T were trading at Rs 3,518, down 3.10 per cent on BSE in afternoon trade.