Key Points of L&T Wins 2 Vedanta Groups Orders for Mineral & Metal Business:
- Larsen & Toubro (L&T) Minerals & Metals (M&M) Business has secured two orders worth between ₹2,500 and ₹5,000 crore from the Vedanta Group.
- The orders are for Bharat Aluminium Company Limited and Hindustan Zinc Limited to construct a 5 LTPA fertiliser plant and increase the capacity of the BALCO Korba Aluminum Smelter Complex by 435 KTPA, respectively.
- The orders were secured on an EPC basis, as stated by L&T Construction in a stock exchange filing.
- For Hindustan Zinc Limited, the order involves setting up a 1.8 LTPA Phosphoric Acid Plant (PAP) and a 5.1 LTPA Di Ammonia Phosphate Plant (DAP) in Chanderiya, Rajasthan.
- For Bharat Aluminium Company Limited, the order involves expanding the capacity of the Aluminum Smelter Complex at BALCO Korba, Chhattisgarh, by 435 KTPA.
- L&T M&M Business provides EPC services for the global mining, minerals, and metals industries and also offers complete product solutions for customized Mineral Crushing Equipment and Plants for various applications.
- Larsen & Toubro is an Indian multinational company with a presence in more than 50 countries worldwide. The company’s stock closed at ₹2,150 apiece level on the NSE on Wednesday, and it has touched a 52-week-high of ₹2,297.65 on 20-Jan-2023 and a 52-week-low of ₹1,456.35 on 20-Jun-2022.
Details of L&T Wins 2 Vedanta Groups Orders for Mineral & Metal Business:
Larsen & Toubro (L&T) Minerals & Metals (M&M) Business has secured two significant orders worth between ₹2,500 and ₹5,000 crore from the Vedanta Group. The orders are for the Bharat Aluminium Company Limited and Hindustan Zinc Limited, respectively. The first order is to construct a 5 LTPA fertiliser plant, while the second is to increase the capacity of the BALCO Korba, Chhattisgarh, Aluminum Smelter Complex by 435 KTPA.
In a stock exchange filing, L&T Construction stated that the orders were secured on an EPC basis. The order for Hindustan Zinc Limited involves setting up a 1.8 LTPA Phosphoric Acid Plant (PAP) and a 5.1 LTPA Di Ammonia Phosphate Plant (DAP) in Chanderiya, Rajasthan. Meanwhile, the order for Bharat Aluminium Company Limited involves expanding the capacity of the Aluminum Smelter Complex at BALCO Korba, Chhattisgarh, by 435 KTPA.
L&T M&M Business provides EPC services for the global mining, minerals, and metals industries. The business also offers complete product solutions for various customized Mineral Crushing Equipment and Plants for applications, including Surface Miners, Material Handling & High-Speed Railway Equipment, and other critical equipment & complex assemblies serving key industrial sectors like Mining, Steel, Ports, Fertilizers, Cement, and Chemical Plants.
Larsen & Toubro is an Indian multinational company that operates in EPC Projects, Hi-Tech Manufacturing, and Services. It has a presence in more than 50 countries worldwide. On Wednesday, the shares of Larsen & Toubro closed at ₹2,150 apiece level on the NSE, up by 0.77% from the previous close of ₹2,133.60. The stock has touched a 52-week-high of ₹2,297.65 on 20-Jan-2023 and a 52-week-low of ₹1,456.35 on 20-Jun-2022.
About L&T:
Larsen & Toubro, also known as L&T, is a Mumbai-based Indian multinational conglomerate that operates in various sectors including engineering, construction, manufacturing, technology, information technology, and financial services. It is ranked among the top five construction companies globally.
About Vedanta:
Headquartered in Mumbai, India, Vedanta Ltd is a leading multinational mining company with major operations in the mining of iron ore, gold, and aluminium. The company’s mining activities are primarily centered in the states of Goa, Karnataka, Rajasthan, and Odisha. Vedanta Limited is recognized globally for its commitment to sustainable development and responsible mining practices.
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