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Larsen and Toubro (L&T) Ltd. on Tuesday, May 5, said its hydrocarbon onshore business has won a "large" order from Bharat Coal Gasification and Chemicals Ltd. (BCGCL), a joint-venture of Coal India Ltd. and Bharat Heavy Electricals Ltd. (BHEL) for a coal-to-ammonia-nitrate project in Odisha.
L&T classifies orders in the ₹2,500 crore to ₹5,000 crore range as "large."
The order includes the development of the nitric acid and ammonium nitrate plant, which is to be executed on a lump sum turnkey basis with single-point responsonsibility.
Once operational, the facility will enable coal conversion to ammonium nitrate with a planned production capacity of 2,000 tonne per day, L&T said in its exchange filing.
The scope of work includes process licensing, basic design, detailed engineering, procurement and construction, encompassing mechanical completiton, pre-commissioning, commissioning, sustained load and performance guarantee test runs, overall project management and final handover of the plant and its facilities, L&T said.
"Indigenous gasification infrastructure will play a pivotal role in India's energy transition, and the order reinforces our ability to deliver complex, technology-intensive projects at scale," Subramanian Sarma, Deputy MD and President - L&T, said.
L&T is also set to report its fourth quarter earnings on Tuesday. Click here to read the L&T Q4 Results Earnings Preview.
The results are likely to be positive despite the West Asia crisis, where the company has significant exposure, as per the analyst expectations.
Shares of Larsen & Toubro are at the lows of the day on Tuesday ahead of the results announcement, trading 1.5% lower at ₹4,039.7. The stock is up 10% in the last one month.
Also Read:Explained - What led to the 4% drop in Delhivery shares on Tuesday
L&T classifies orders in the ₹2,500 crore to ₹5,000 crore range as "large."
The order includes the development of the nitric acid and ammonium nitrate plant, which is to be executed on a lump sum turnkey basis with single-point responsonsibility.
Once operational, the facility will enable coal conversion to ammonium nitrate with a planned production capacity of 2,000 tonne per day, L&T said in its exchange filing.
The scope of work includes process licensing, basic design, detailed engineering, procurement and construction, encompassing mechanical completiton, pre-commissioning, commissioning, sustained load and performance guarantee test runs, overall project management and final handover of the plant and its facilities, L&T said.
"Indigenous gasification infrastructure will play a pivotal role in India's energy transition, and the order reinforces our ability to deliver complex, technology-intensive projects at scale," Subramanian Sarma, Deputy MD and President - L&T, said.
L&T is also set to report its fourth quarter earnings on Tuesday. Click here to read the L&T Q4 Results Earnings Preview.
The results are likely to be positive despite the West Asia crisis, where the company has significant exposure, as per the analyst expectations.
Shares of Larsen & Toubro are at the lows of the day on Tuesday ahead of the results announcement, trading 1.5% lower at ₹4,039.7. The stock is up 10% in the last one month.
Also Read:Explained - What led to the 4% drop in Delhivery shares on Tuesday
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