Larsen & Toubro Ltd.

Larsen & Toubro (L&T), a leading engineering company, is planning to invest around Rs 85,000 crore in Orissa. The company will be investing in aluminium, power and steel sectors and has already given proposals to the state government. The company is now seeking state government’s clearance for the proposal and will proceed as soon as it is approved.
 
L&T in joint venture with Dubai based Dubal was planning to set up an aluminium plant with an investment of about Rs 30,000 crore. Besides, the company has also planned to set up two thermal power stations of 2,000 MW capacity each. The company will establish one such power station at Dhamra in Bhadrak district while it has not decided the location for another unit.

The other power station would be preferable if located at a place within 100 km from the state capital. The company has also submitted the proposal for a steel plant to the state government which would be located near Paradip at over 600 acre of land.

Recently, L&T’s metallurgical and materials handling company, part of its construction division, had bagged new orders worth Rs 1,610 crore from Tata Steel, Indiabulls Power and other customers in the first quarter (April-June). Major portion of these orders pertain to Tata Steel’s Kalinga Nagar project in Orissa. Apart from constructing the entire coke oven and by-product plant, the company is also providing detailed engineering and supply of balance of plant.