L&T Consortium bags orders worth Rs 1070 crore from Tata Steel

Larsen & Toubro Ltd (L&T) has announced that the Company led consortium has bagged orders worth Rs 1070 crore for Supply & Installation of Sinter Plant and other packages from Tata Steel.

Tata Steel is setting up 6 million tones per annum (MTPA) integrated steel plant in Kalinganagar Industrial Complex at Duburi in Jajpur district of Orissa, to be completed in two phases of 3 MTPA each. The orders are for the first phase of this Greenfield project.

The Company in consortium with Outotec GmbH, Germany bagged EPC (Engineering - Procurement - Construction) Contract for 5.75 MTPA Sinter Plant valued at Rs 836 crores. The Company's share of this order is Rs 623.30 crore. This would be the single largest Sinter Plant to be built in India. This is scheduled for completion in 30 months.

The Company's scope covers detail engineering, supply, erection & commissioning of mechanical, electrical & instrumentation systems along with the site services comprising of civil & structural works & sheeting works while Outotec Gmbh shall provide basic engineering, supply of proprietary equipment and performance guarantees.

The Company has also been awarded the Contract for Civil & Structural Steel Works of Steel Melt Shop valued at Rs 233.59 crore. This is scheduled for completion in 28 months.

Source : Equity Bulls

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