Infrastructure firm Larsen & Toubro (L&T) on Thursday stated its building arm has acquired ‘important’ orders for its metallurgical and material handling business
The firm didn’t present the worth of the contracts, however stated the orders fall below the ‘important’ class, which ranges between Rs 1,000 crore and Rs 2,500 crore in keeping with the classification of contracts.
“Metallurgical and Material Handling Business of L&T Construction has secured an order from Northern Coalfields Ltd, a subsidiary of Coal India Ltd (CIL), for a coal processing and load out package to be installed at the Dudhichua Mines located in Uttar Pradesh,” L&T stated in a regulatory submitting.
CIL envisions manufacturing to the touch 1 billion tonne by 2023-24 to fulfill the nation’s demand for coal.
The scope of labor includes EPC (engineering, procurement, and building) for a double stream coal sizing and transportation system overlaying semi cellular sizing system, excessive capability specialty conveyors, and an automatic loading system, the corporate added.
L&T stated the business has additionally secured new and add-on orders from its current clients.
Shares of L&T had been buying and selling 0.85 per cent decrease at Rs 914.10 apiece on BSE.
(Only the headline and film of this report might have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)