L&T bags Rs 1,557 cr order from APPDCL

Written by Agencies | Mumbai, June 30: | Updated: Jun 30 2008, 17:48pm hrs
Engineering major Larsen and Toubro on Monday said it has received Rs 1,557 crore order from Andhra Pradesh Power Development Company Ltd (APPDCL) for construction related work.

The company has received a letter of intent for Rs 1,557 crore steam Turbine Generator package of 2X800 MW to be installed at Krishnapatnam power station in Andhra Pradesh, L&T said in a filing to the Bombay Stock Exchange.

This is the first order for supercritical 800MW steam Turbine Generator, the company added.

The generators for the said project would be supplied by L&T-MHI Turbine Generators, a joint venture company set up by L&T and Japan-based Mitsubishi Heavy Industries (MHI). The JV is in the process of setting up a manufacturing facility at Hazira in Gujarat.

L&T has also set up another JV with MHI for manufacturing of Supercritical Boilers.

"Both the JVs would be the pillars on which L&T's power business will be built in the years ahead," L&T added.

Shares of the company were trading at Rs 2236.25, down 1.36 per cent on the BSE in afternoon trade.