Larsen & Toubro Ltd said on Friday its minerals and metals division has bagged 'large' orders worth Rs 2,500-5,000 crore. L&T stock was trading marginally lower today at Rs 3,907.6, down 0.28 percent. The stock has gained 13.5 percent over the past year, outperforming the Nifty 50, which rose 5.8 percent during the same period.
L&T said its Minerals & Metals (M&M) business has secured multiple large orders in India, including one from Hindalco Industries for setting up a 180 KTPA aluminium smelter and gas treatment centre for a greenfield project in Odisha. The scope of work includes civil and structural construction, engineering, procurement, and installation.
The company has also won an order from Tata Steel to set up a 1 MTPA coke oven battery (6A/B) at its Jamshedpur facility, involving engineering, manufacturing, supply, construction, and plant installation.
In addition, L&T’s product business unit under the M&M vertical has secured multiple orders from various domestic clients for mining and material-handling equipment such as stacker reclaimers, wagon tipplers, crushers, and surface miners.
“These order wins across the aluminium and steel sectors are a testament to L&T’s engineering excellence, execution capability and enduring customer relationships,” said T. Kumaresan, Senior Vice President and Head - Minerals & Metals, L&T
According to the company’s classification, ‘large’ orders are valued between Rs 2,500 crore and Rs 5,000 crore.
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