L&T Secures Major Contracts Across Multiple Sectors in US, Middle East and India
L&T Secures Major Contracts Across Multiple Sectors in US, Middle East and India

L&T Secures Major Contracts Across Multiple Sectors in US, Middle East and India

  • 09-Jan-2025 2:29 PM
  • Journalist: Emilia Jackson

Larsen & Toubro (L&T) has announced a series of significant contract wins across its diversified business portfolio, spanning power transmission and distribution, and heavy engineering. These domestically and internationally secured orders reinforce the L&Ts robust market position and its ability to capitalize on growth opportunities within key infrastructure and energy sectors.

L&T's heavy engineering arm has secured significant orders in both domestic and international markets during the third quarter of FY25. The company has secured orders ranging from Rs. 1,000 crore to Rs. 2,500 crore to engineer LNG equipment destined for a project in the United States, representing one of its largest LNG project orders to date.

L&T has also secured an order for a loop reactor at a Propane Dehydrogenation (PDH), Polypropylene (PP) plant in Turkey in its petrochemical arm. The division has also secured a valuable repeat order for a Fluid Catalytic Cracking Unit (FCCU) revamp project from a major oil and gas client in Saudi Arabia. In Kuwait, L&T will supply critical components for hydrocracker reactors and high-pressure heat exchangers, further showcasing its specialized engineering prowess.

On the domestic front, the heavy engineering arm has secured orders for three urea reactors. These orders come from prominent players: Southern Petrochemical Industries Corporation (for India’s longest urea reactor), Indian Farmers Fertiliser Cooperative Ltd (IFFCO), and Indorama India Private Ltd. The company highlighted that these recent wins bring the total number of urea reactor orders it has received in recent years to an impressive 17 consecutive order.

In the power transmission and distribution segment, L&T has secured orders valued between Rs. 2,500 crore and Rs. 5,000 crore. It secured an advanced distribution management system (ADMS) in West Bengal that will significantly enhance power distribution reliability. The ADMS will enable real-time fault monitoring, rapid power restoration, and efficient fault isolation, ultimately boosting network reliability for consumers in the region.

L&T has also secured several important contracts in the Middle East energy sector. In Saudi Arabia, the company will construct a crucial 380 kV substation, which will play a vital role in integrating solar power into the national grid. A separate contract in Kuwait involves the development of a 400 kV substation. In Dubai, the company has won contracts for developing multiple extra-high-voltage (EHV) substations, including a 40/132 kV substation.

These diverse contract wins, coupled with a robust second-quarter financial performance, demonstrate L&T’s well-diversified business model and its ability to secure substantial projects in both domestic and international markets.

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  • Journalist: Emilia Jackson