Larson & Toubro Wins Rs.5,689 Crore Power Plant Deal in Rajasthan
Engineering and construction company Larsen and Toubro Ltd (L&T) on Monday said it has secured an order worth Rs.5,689 crore from the Rajasthan Rajya Vidyut Utpadan Nigam Ltd for setting up a super critical thermal power project on a complete engineering, procurement and construction (EPC) basis. The order involves design, engineering, manufacturing, supply, erection and commissioning of two coal-fired thermal units of 660 MW each with super critical parameters at Chhabra in Baran district in Rajasthan.
“The contract was won following international competitive bidding, involving several bidders. The project has a stringent completion schedule of 42 months for Unit 1 and 45 months for Unit 2,” the company said in a statement. The Rajasthan order comes as L&T enters the advanced execution phase of several large super critical thermal power projects, it said.
With this contract, L&T now has orders for supply and installation of 26 super critical steam generators and steam turbine generators of 660MW, 700MW and 800MW.
“If they are getting big orders even in economic slowdown, it is a good sign for the company as well as for other allied factors such as employment , raw material suppliers and sub-contractors. And certainly, it is a great news for shareholders,” said an analyst with a local brokerage. On 21 March, Mint reported that L&T had secured new orders valued at Rs.2,080 crore across various business segments in February and March.