Larsen & Turbo’s (L&T) Heavy Engineering vertical has secured multiple order worth Rs 1,000 to Rs 2,500 in the international and domestic markets.
New international orders in oil, gas and fertiliser projects
On the international front, the L&T’s vertical has bagged multiple orders across key markets. In the United States, it received contracts to manufacture vessels for an NGL fractionator project and cartridges for a blue ammonia project in Louisiana.
In Mexico, it secured orders for ammonia and urea processing equipment for two fertiliser plants, while in Brazil, it won contracts to supply critical heat exchangers for the replacement market.
Additionally, from Saudi Arabia, the vertical received an order related to a refinery and integrated petrochemical complex — an amendment to a critical contract involving the HOFCC reactor and regenerator revamp.
L&T’s vertical bags key orders in nuclear power
In the nuclear power equipment segment, the vertical has secured orders to supply critical components for both international and domestic nuclear projects.
On the domestic front, it has bagged orders for key equipment, including four units of the proprietary 2RK65 Heat Exchanger Package, for a major customer’s 3 MMTPA PTA7 project at Dahej, Gujarat.
Share price of Larsen & Turbo (L&T)
The share price of L&T has recorded an intraday high at Rs 3966 in tuesday’s trade. The stock has gained 7.21% so far this year.
Larsen & Toubro is a $30 billion Indian multinational enterprise engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies.