Stock Report

L&T and Kemroc ink pact to distribute latter's cutting-edge products in India

Posted On : 2021-12-03 11:23:33( TIMEZONE : IST )

Larsen & Toubro, the leading Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, and Kemroc, a global manufacturer of attachments for excavators and backhoe loaders, have entered into a distribution agreement that will facilitate Kemroc products to be distributed and promoted in the Indian market by L&T.

The agreement to this effect was signed by Mr. Vivek Hajela, Vice-President and Head-Construction Equipment Business, L&T and Mr. Klaus Ertmar, Managing Director, Kemroc recently in Bengaluru in the presence of Mr. Arvind K. Garg, Executive Vice-President & Head, L&T Construction & Mining Machinery.

The agreement covers Kemroc-developed special attachments including its patented EK series of Chain Cutters. These chain cutters are a game changer in rock trenching and are well accepted across the world, including India.

Kemroc was originally founded during 2012 in Germany by Mr. Klaus Ertmer, who introduced in 2017, a new series of efficient Chain Cutters, Drum Cutters, Cutter Wheels, Pile Cutters, Trenchers, Patch Planners and Drilling Augurs with applications covering trench excavation, tunnel excavation, foundation excavation, quarrying, demolition of old structures, drilling holes, road works, asphalt milling as well as under-water excavation.

This strategic partnership will enable L&T to expand its product offerings and provide comprehensive solutions to customers in the construction industry in India. L&T already offers special attachments such as Crusher Bucket, Rock Breakers, Quick Couplers, Demolition Tools and Piling Solutions with tie-ups from international brands such as Komatsu, Sandvik and Movax.

L&T team received an initial order for Kemroc KRL110 Pile Cutter attachment for job-work for IOCL site at Paradip, Odisha.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1788.95 as compared to the previous close of Rs. 1786.00. The total number of shares traded during the day was 62583 in over 4073 trades.

The stock hit an intraday high of Rs. 1793.30 and intraday low of 1763.00. The net turnover during the day was Rs. 111469770.00.

Source : Equity Bulls


LarsenandToubroLimited INE018A01030 Kemroc IndianMarket DistributionAgreement ChainCutters RockTrenching