L&T and Holtec Partner to Strengthen Heat Transfer Solutions for Nuclear Power Sector

The Heavy Engineering business vertical of L&T today signed a Memorandum of Understanding (MoU) with the US-based nuclear energy solutions provider Holtec International's Asia arm, to offer design & build solutions for Heat Transfer Equipment.

L&T is already into a partnership with Holtec for global deployment of SMR-300 (Small Modular Reactor) designed by Holtec. This is supported by the prestigious 810 Authorisation granted to L&T by the US's Department of Energy. The latest MoU builds upon this partnership.

The strategic collaboration will combine L&T's world-class nuclear manufacturing capabilities and Holtec's pioneering design expertise, to deliver cutting-edge solutions for nuclear and thermal power plants worldwide, especially Heat Transfer Solutions for conventional power plant island and balance of plant.

Together, L&T and Holtec will drive the development of reliable, resilient technology that can optimise thermal regulation, maximise cycle efficiency and ensure reliable operation of power plants, thus contributing to global energy transition.

Commenting on the partnership, Mr Anil Parab, Whole-time Director & Senior EVP - Heavy Engineering & CE & IPDD, L&T, said: "Post the COVID pandemic, energy security emerged as a strategic need, with more than 32 countries having committed to triple their nuclear power generation capacity. Our partnership with Holtec is a key strategic move to fast-track efficient energy systems and shape a sustainable energy future for both India and the world".

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3980.10 as compared to the previous close of Rs. 4031.20. The total number of shares traded during the day was 68908 in over 11114 trades.

The stock hit an intraday high of Rs. 4039.80 and intraday low of 3975.00. The net turnover during the day was Rs. 275914309.00.

Source : Equity Bulls

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LarsenandToubro INE018A01030 MoU