-63.30 (-1.61%) Larsen & Toubro (L&T) has immediately started working towards a long-term solution to meet the medical-grade oxygen demand in the country. The company will soon start delivering 22 oxygen generators to various hospitals in India, where the scarcity is most acute. These units will absorb air from the atmosphere before converting it into medical-grade oxygen and pumping it into pre-existing pipes in the hospitals.
Of these, the parts of the first tranche of nine equipment will reach India by May 9, 2021. These will be progressively delivered from May 15, 2021 to hospitals that are in acute need and do not possess required infrastructure to receive bulk oxygen supply.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.