-49.25 (-1.30%) Larsen & Toubro (L&T) has expanded its hi-tech manufacturing capability, inaugurating a new state-of-the-art, advanced Heavy Wall Pressure Vessel facility in Saudi Arabia, that mimics L&T’s bespoke capabilities in India, as a part of the IKTVA initiative of Aramco and Saudi Vision 2030, to enhance local content.
Spread over an area of 120,000 sq. m. at Saudi Arabia’s strategically located Royal Commission Jubail Industrial Area-1 with proximity to the seaport, this facility will focus on manufacturing of static equipment of a variety of complex metallurgy and heavy wall thicknesses using advanced modern machinery, process automation, and robotics. The facility will generate local employment and replace imports by catering to critical equipment requirements in the oil & gas, power, and other process industries. The facility will catapult the manufacturing capability of the region, providing a unique opportunity for the people of Saudi Arabia to gain enormously in capability and knowledge building to scale to international manufacturing standards.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.