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MoneyWorks4Me

L&T’s arm bags orders valued Rs 1,050 crore

15 Oct 2018 Evaluate

Larsen & Toubro’s (L&T) Heavy Engineering arm has secured additional orders worth Rs 1,050 crore in Q2 FY19 against stiff global competition. These include three Super Heavy Hydrocracking Reactors for an Indian Refinery, with heaviest among them weighing 2,180 MT, to be built for the first time in the world.

The total order inflow in H1 FY19 for the Process Plant and Nuclear equipment business of Heavy Engineering has reached Rs 2,661 crore, a significant achievement after a prolonged subdued market scenario.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.


Peers
Company Name CMP
Larsen & Toubro 3858.00
Kalpataru Projects 1335.50
NCC 114.55
Rail Vikas Nigam 179.80
KEC International 329.65
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