L&T arm wins orders worth Rs 1,600 crore

L&T arm wins orders worth Rs 1,600 crore

L&T’s heavy engineering business has bagged orders worth Rs 1,600 crore since the beginning of the current financial year.

In a statement, the company said majority of the orders that include reactors and heavy equipment to refining, petrochemical and liquified natural gas (LNG) industries, came from international markets.

Orders worth Rs 1,470 crore are from international clients from the US, Europe, West Asia, CIS and China. These orders will be executed at company’s coastal manufacturing facility at Hazira, Gujarat.

Shailendra Roy, Whole-Time Director (Power, Heavy Engg. & Nuclear), L&T, said, “With firming up of the oil prices, we are witnessing good traction in global greenfield and brownfield hydrocarbon projects.”

Image Credit : stz.india.com

Author: Research Desk