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| S.N. Subrahmanyan, Whole-time Director & Senior Executive Vice President (Construction). |
Mumbai, August 21, 2012(Sachin Murdeshwar): L&T Construction has won new orders valued over ` 2044 crore across various business segments in the second quarter of FY 13.
The Infrastructure IC of L&T Construction bagged a major order worth ` 781 crore from NTPC Hydro Limited for the construction of 171 MW Lata Tapovan Hydroelectric Power Project in Uttarakhand. The project will be executed on an EPC (Engineering, Procurement and Construction) basis.
In the roads sector, the Infrastructure IC bagged an EPC order of ` 645 crore from GMR Infrastructure for construction of significant stretches of the Kishangarh – Udaipur - Ahmedabad Highway. The project is part of Phase V of the National Highway Development Programme of National Highway Authority of India.
The Buildings & Factories IC, secured new order worth ` 360 crore for the construction of residential towers. The project involves the construction of 23 multistoried towers.
The Power Transmission & Distribution IC has secured a major order worth ` 258 crore from UAE for the supply and installation of 220/33 kV grid station and related 220 kV cabling and overhead lines work.
L&T Wins ` 749 Crore Contract from ONGC for 4 Wellhead Platforms
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| Mr K. Venkataramanan- Chief Executive Officer & Managing Director-LARSEN & TOUBRO |
The project, spread over the Mukta, Bassein and Mumbai High South
fields is part of ONGC’s strategy to develop marginal fields to meet
India’s rising energy demands. L&T is scheduled to complete the
project by April, 2014. In addition to conventional wellhead
facilities, one of the platforms, viz., the B-127, will also have
process gas compression facility.
L&T has been serving the upstream hydrocarbon sector since early the
’90s. This contract reiterates the long term association of ONGC with
L&T in the development of offshore fields in India. The Company’s
offshore track record includes successful completion of several
challenging projects for domestic and international clients.
L&T provides complete ‘EPCI’ solutions for the offshore oil & gas
industry combining customized engineering & procurement, fast-track
project management and world class fabrication & sea installation
capabilities.
Background:
Larsen & Toubro is a USD 12.8 billion technology, engineering,construction, manufacturing and financial services conglomerate, with global operations. It is one of the largest and most respected companies in India’s private sector. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.L&T Construction Wins Orders Valued ` 1002 Crores
L&T Construction Wins Orders Valued ` 1002 Crores
Mumbai, Aug 28, 2012(Sachin Murdeshwar): L&T Construction has bagged new orders valued over ` 1002 Crores across various business segments in August 2012.
In the Water and Effluent Treatment business unit, L&T Construction has secured new orders worth ` 518 Crores from Public Health and Engineering Department (PHED), Rajasthan for the construction of 74 MLD water treatment plant along with associated civil and Electro Mechanical & Instrumentation (EMI) works. The scope also includes construction of intermediate pumping stations along with 33/11 kV switchyards for Bisalpur Tonk Uniyara Water Supply Project.
The others orders from PHED, Rajasthan include providing water supply from five off-takes for 111 villages and one town on a design, build, operation and maintenance model for Jawai Cluster Project –I and drinking water supply project.
The Power Transmission & Distribution IC has secured a new order worth ` 168 Crores from a customer in the UAE for construction of 11 kV distribution network and all associated HV equipment including backup generators and replacement of W42 switching station.
L&T Construction has also secured additional orders worth ` 316 Crores from various ongoing projects in Buildings & Factories IC and Infrastructure IC.
L&T to Divest Plastics Machinery Business Full Stake in Subsidiary to Be Sold to Toshiba Machine
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| Mr. S.Raghavan - Senior Vice President & Business Head (Machinery & Industrial Products) |
purchase agreement, pending final closing conditions, with Toshiba
Machine Co., Ltd. (TMC), Japan, to sell its entire stake in L&T
Plastics Machinery Limited (LTPML). The move is in line with the L&T’s
strategic road-map to exit non-core businesses and rationalize its
portfolio.
LTPML, a wholly owned subsidiary of L&T, manufactures and markets
injection moulding machines. With a significant installed base of
injection moulding machines across various sectors such as automotive,
packaging, stationery among others, the Company enjoys strong brand
recognition and has valuable on-going customer relationships.
TMC is involved in the manufacture of injection moulding machines and
other machinery. It has manufacturing units in Japan and China, and
primarily caters to the Asian and North American markets. As a part of
its strategy to expand globally with a focus on developing countries,
TMC has decided to acquire L&T’s stake in LTPML.
About L&T
Larsen & Toubro is a USD 12.8 billion technology, engineering,
construction, manufacturing company, with global operations. Its core
businesses cover sectors critical to the economy including oil & gas,
refinery, petrochemical, infrastructure, and power.
About LTPML
LTPML was originally formed as a joint venture with Demag Ergotech
GmBH in 2000. The Company acquired the JV partner’s stake in 2009 and
LTPML became a wholly owned subsidiary of the Company. LTPML recorded
sales of Rs.206 crores and profit after tax of Rs.11 crores in the
financial year ending March 2012.
About TMC
TMC is a member of the Toshiba group of companies and was established
in 1938. It is listed on Tokyo Stock Exchange. For the financial
year ending March 2012, TMC generated sales of Japanese Yen 119
billion with profit after tax of Japanese Yen 6 billion.
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