Engineering and construction major Larsen & Toubro (L&T) on Wednesday said it has bagged a Rs 1,700 crore order from Japan’s Marubeni Corporation to set up a 400-MW gas-based power plant in Bangladesh.
“Bangladesh Power Development Board awarded the EPC contract for setting up the 400-mega watt (MW) gas-based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub contract to L&T on a turnkey basis,” L&T said in a BSE filing.
The company said its scope of work includes design, detailed engineering, supply, installation and commissioning of the complete power plant.
The project, located at Nabiganj Upzilla in Habibganj district, will be executed by L&T Power’s gas-based power projects business unit based in Baroda.
The stock was trading at Rs 1,541.85 on BSE, down 0.97 per cent.