Larsen & Toubro on Tuesday said that its Heavy Engineering business vertical has won multiple orders in the domestic and international markets. L&T Heavy Engineering (HE)’s Modification, Revamp and Upgrade (MRU) business segment has bagged a major order from a key oil and gas customer in KSA for their important debottlenecking project. For the last couple of years, MRU business has concentrated on Middle East opportunities and this order is an important milestone for MRU business in the Middle East, the company said in a regulatory filing.
In another development, the business has also bagged the DCU Revamp Project from one of the leading refineries in the domestic market. MRU team has also won the Coke Drum critical repair project from IOCL Gujarat Refinery. “These orders reflect the customers’ faith in L&T HE’s technical capability, reliability, and commitment,” it said.
In the Process Plant Equipment overseas market, L&T HE has secured orders for several critical equipment which include 2 EO Reactors from a leading global chemical company in Thailand, Cr-Mo-V Reactors for an oil project in KSA, Large Stainless-Steel Column for NGL project in Australia and Heat Exchanger from a leading industry player in USA.
On the domestic front, L&T HE received orders to manufacture VGO Reactor, Critical CrMo-V Reactor, and proprietary design high pressure Heat Exchangers for a refinery project. The business also secured an order for Carbamate Condenser from RCF Mumbai for their Urea Plant.
According to the company, the value of significant order is between Rs 1000 crore and Rs 2500 crore, large orders are worth Rs 2500 crore- Rs 5000 crore, major orders are in the range of Rs 5000 crore- Rs 7000 crore and mega orders are worth above Rs 7000 crore.
Larsen & Toubro is a $23 billion Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.