Civil Construction Major Secures Multiple Mega Orders for Iron Ore Handling, Steel Plant Expansion and Zinc Processing Projects

On Monday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 126.80 points, or 0.52 per cent, to 24,207.50. Despite the weak market sentiment, Larsen & Toubro (L&T)  share price traded 0.16 per cent higher to Rs 3,820.50 after the engineering and infrastructure major announced multiple 'Mega' orders for its Metals & Minerals (M&M) business vertical from leading domestic metals and mining companies.

Multiple Mega Orders Across Metals & Mining

L&T's Metals & Minerals business has secured multiple mega engineering, procurement and construction (EPC) orders spanning the mining, ferrous and non-ferrous sectors. The contracts further strengthen the company's order book and reinforce its presence in India's ongoing metals and minerals capacity expansion.

The company said the projects have been awarded by leading public and private sector companies and cover iron ore handling infrastructure, integrated steel plant expansion and zinc processing facilities.

Iron Ore Handling Plant in Chhattisgarh

L&T has secured an order from India's largest iron ore producer, a public sector enterprise, for Package #BE-01C of an 18 MTPA Iron Ore Handling Plant in Chhattisgarh. The project forms part of the customer's long-term plan to increase its iron ore production capacity to 100 million tonnes per annum (MTPA) by 2030.

Under the contract, L&T will undertake the design and engineering, procurement, installation and commissioning of a downhill conveyor system, screening plant, stockpile facilities, yard equipment, a Rapid Wagon Loading System (RWLS) and associated auxiliary infrastructure.
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Steel Plant Expansion in West Bengal

In another major development, L&T has won multiple packages from a Navratna public sector company for the expansion of its steel plant in West Bengal. The project will increase the plant's production capacity from 2.5 MTPA to 7.1 MTPA.

The company's scope includes several Design & Build and Balance of Plant (BoP) packages, further strengthening its capabilities in executing large integrated steel plant expansion projects.

Zinc Processing Plant Order

L&T has also secured an EPC contract from a leading private sector metals producer for the construction of a Zinc Processing Plant. The scope includes design and engineering, procurement, installation, commissioning and associated site services, expanding the company's footprint in the non-ferrous metals segment.

Management Commentary

Commenting on the order wins, S N Subrahmanyan, Chairman & Managing Director, L&T, said, "This reaffirms L&T's enduring leadership in the minerals and metals EPC sector and reflects the deep trust customers place in our ability to deliver projects of exceptional scale and complexity. As India accelerates investments in augmenting its Metals & Minerals capacity to support long-term economic growth, L&T remains committed to partnering with the country's leading enterprises in developing world-class industrial infrastructure."

T Kumaresan, Senior Vice President & Head, Utilities & Metals, L&T, added, "These orders across the mining, ferrous and non-ferrous sectors reaffirm our customers' confidence in L&T's engineering expertise and project execution capabilities. They strengthen our position as a trusted partner in developing India's metals and minerals infrastructure. We remain committed to delivering the projects with the highest standards of quality, safety and sustainability."

About Larsen & Toubro 

Larsen & Toubro Ltd is one of India's largest engineering and construction conglomerates, with operations spanning infrastructure, energy, manufacturing, information technology, financial services and development projects. The company executes large-scale EPC projects across domestic and international markets.

Its diversified business portfolio includes Infrastructure Projects, Energy Projects, Hi-Tech Manufacturing, IT & Technology Services, Financial Services and Development Projects, making it one of India's leading multinational engineering enterprises.

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Disclaimer: The article is for informational purposes only and should not be construed as investment advice.