L&T heavy engineering vertical wins 'significant' orders in international and domestic markets

Larsen and Toubro (L&T) Ltd. on Tuesday, October 28, said its heavy engineering vertical recently secured 'significant' orders in the international and domestic markets.

L&T classifies orders in the ₹1,000 crore to ₹2,500 crore range as 'significant'.

The vertical won an order from the US to manufacture vessels for an NGL fractionator project and the cartridge for a blue ammonia project in Louisiana.

It also won orders for ammonia and urea processing equipment for two fertiliser plants in Mexico and for critical heat exchangers in the replacement market in Brazil.

The infrastructure and engineering conglomerate won an order for a refinery and integrated petrochemical complex in Saudi Arabia for amendment to a critical contract related to the HOFCC reactor and regenerator revamp.

L&T said, in the nuclear power equipment sector, the vertical won orders for critical equipment to be supplied to international and domestic nuclear projects.

In the domestic market, it won equipment orders for 2RK65 heat exchanger package of proprietary MOC, meant for one of the major customer's 3 MMTPA PTA7 project at Dahej, Gujarat, L&T said.

L&T has maintained its full-year guidance for revenue growth, margins and order inflow growth. It is set to report its second quarter results on Wednesday, October 29.

L&T shares were up 0.3% at ₹3,935.9 apiece around 11.50 am. The stock has gained 6.7% in the past month and 18.3% in the last six months.

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