L&T reports significant order wins within its water and effluent treatment business
The cumulative value of these orders falls between the range of Rs 1,000 crore and Rs 2,500 crore.
Larsen & Toubro Ltd (L&T), an Indian multinational engaged in engineering, procurement & construction (EPC) projects as well as hi-tech manufacturing & services, has secured significant contracts for its water and effluent treatment (WET) business.
The first order has been secured from Gujarat Water Infrastructure Limited (GWIL). The latter has placed engineering, procurement & construction orders for the design and construction of the Dhanki-Navda Bulk Pipeline Project.
As per the press release, this pipeline project intends to enhance water supply capacity to meet the future demands of Amreli, Junagadh, Botad, and Rajkot districts of Gujarat. The scope of the project comprises design & construction of 99 km bulk transmission MS pipeline, 10.5 ml reinforced cement concrete (RCC) raw water sump & pumphouse, and associated electro-mechanical & instrumentation works.
L&T is also executing another bulk pipeline project at the same location for the same client.
Apart from this, the international arm of the WET business has also secured a project from a reputed client. This project pertains to the supply, installation, testing & commissioning of water distribution networks and large metre connections in Dubai. The scope of the project comprises water distribution networks of 137 km glass-reinforced epoxy (GRE) pipelines, micro-tunnelling works, supervisory control and data acquisition (SCADA) along with associated civil, mechanical & electrical works. This project adds another customer to the company’s clientele, signifying the expansion of the WET business in the Middle East.
Both these deals are stated as significant wins, which means that the cumulative value of both the orders falls between the range of Rs 1,000 crore and Rs 2,500 crore.
At 2 pm, the share price of Larsen & Toubro Ltd (L&T) was trading at Rs 1,739.55, which was an increase of 0.68% from the previous week’s closing price of Rs 1727.80 on BSE.
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