In a recent announcement on Tuesday, Larsen & Toubro (L&T) revealed that its arm, Heavy Engineering, has successfully secured ‘significant’ orders both within India and on the international stage. While the exact value of the contracts remains undisclosed, the company indicated that the orders fall within the range of Rs 1,000 crore to Rs 2,500 crore.
The Modification, Revamp, and Upgrade (MRU) business segment of L&T Heavy Engineering has achieved a major breakthrough by securing a substantial order from a key player in the oil and gas sector. This order pertains to a crucial debottlenecking project, marking a significant milestone for the MRU business, particularly in the Middle East. Over the past few years, L&T’s MRU business has strategically focused on opportunities in the Middle East, and this recent order underscores its success in the region.
Additionally, the MRU business has added another feather to its cap by securing the Coke Drum critical repair project from Indian Oil Corporation Ltd (IOCL) Gujarat Refinery, as mentioned in the filing to BSE.
L&T’s success is not confined to international markets; it has also secured orders for critical equipment in the process plant equipment segment on the global front. On the home front, the company has clinched orders for manufacturing proprietary design high-pressure heat exchangers, a testament to its diverse capabilities.
Larsen & Toubro, a USD 23 billion Indian multinational, specializes in engineering, procurement, and construction projects, along with hi-tech manufacturing and services. The recent achievements of its Heavy Engineering arm underscore L&T’s ability to navigate and succeed in both domestic and international markets.
