Larsen & Toubro built offshore patrol vessel ICGS Varad was commissioned into the Indian Coast Guard.

ICGS Varad set a record in Indian shipping industry by becoming the first major defence ship to clear all Sea Acceptance Trails in a single sea sortie, underlining the high quality of design and construction of these ships.

The vessel is the fifth in the series of seven offshore patrol vessels contracted by Ministry of Defence on Larsen & Toubro in March 2015.

Powered by Capital Market - Live News

L&T Construction has secured orders for its water and effluent treatment and heavy civil business segments. These include -

The Business has secured a Water Infrastructure order from a prestigious client in the United Arab Emirates to execute a Recycled Water Transmission Pipeline Project.

The business has also secured an EPC order from National Mineral Development Corporation (NMDC) for the construction of a Pump House for Slurry & Water Pipeline Systems. The major scope including supply of PD Pumps 400 m3/hr ® 1550 mWc and 1500 m3/ hr @ 30 mWc of Slurry Charge pumps, constructing the pump house and associated facilities at Bacheli, Dantewada District, Chhattisgarh. This is a repeat order from NMDC.

Another order has been secured from Pune Metropolitan Region Development Authority (PMRDA) for the works of the Design and Construction of infrastructure Works for roads, drains, culverts, potable & recycle water supply systems, a sewerage system and power systems for a hi-tech township at Mahalunge, Pune. This will be the first project to be developed under Town Planning Scheme by PMRDA.

The heavy civil business has secured an order from Konkan LNG Private (KLPL) based on open competitive bidding process.

KLPL is a joint venture between GAIL India and NTPC, having a 5 MMTPA capacity LNG Terminal with expansion plans to increase capacity to 10 MMTPA and convert the terminal into an all-weather terminal by completing the balance scope of breakwater.

The work comprises new construction and rehabilitation for a 2.31 km longbreakwater. The scope includes design, model study, rehabilitation of existing works, dredging, quarrying, casting of new accropodes, etc.

Powered by Capital Market - Live News

The water and effluent treatment business has secured a water infrastructure order from a client in the United Arab Emirates to execute a recycled water transmission pipeline project. The business has also secured an EPC order from NMDC for the construction of a pump house for slurry & water pipeline systems.

Another order has been secured from Pune Metropolitan Region Development Authority (PMRDA) for infrastructure works for roads, drains, culverts, potable & recycle water supply systems, a sewerage system and power systems for a hi-tech township at Pune.

Further, the heavy civil business has secured an order from Konkan LNG based on open competitive bidding process. KLPL is a joint venture between GAIL India and NTPC.

As per the L&T's classification, the valuation of the 'significant' order stands between Rs 1000 and 2500 crore.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Currently, shares of L&T were down 0.53% at Rs 1204.20.

The stock has fallen 6.31% in six sessions from its recent closing high of Rs 1286.25 recorded on 18 February 2020.

Powered by Capital Market - Live News

The power transmission and distribution business of L&T Construction has secured orders from prestigious clients in India and abroad.

In the Philippines, the business has won an order to construct a 500kV Substation, inassociation with a prominent local player, that will cater to the growing demand forelectricity in the metropolitan area of Manila.

In the Kingdom of Saudi Arabia, orders to construct a 380kV Substation with an associated230kV cable network and establish 380kV and 230kV Transmission Line corridors have beenbagged. Another order to construct EHV Overhead Lines has been received from a reputedcustomer in the Middle East.

On the domestic front, the business has won an order in Gujarat to construct a 765kV DoubleCircuit Transmission Line that will help transmit power from renewable energy sources.

Another order has been secured to build a 20MW floater solar power project at a reservoirof NTPC's Auraiya Gas Power Plant in Uttar Pradesh.

Additional orders have been received from ongoing substation jobs in India.

Powered by Capital Market - Live News