The Heavy Engineering arm of Indian multi-national firm Larsen & Toubro (L&T) has won orders worth Rs 10.5 billion (£107.97 million) in the second quarter of the financial year 2018-19 against stiff global competition.
These include three super heavy hydrocracking reactors for an Indian refinery, with heaviest among them weighing 2,180 tonnes, to be built for the first time in the world, the company said in a stock exchange filing on Monday (15).
The total order inflow in the first half of the current fiscal for the process plant and nuclear equipment business of heavy engineering has reached Rs 26.61bn, a significant achievement after a prolonged subdued market scenario.
Commenting on the orders, Shailendra Roy, whole-time director, Power, Heavy Engineering, and Nuclear at L&T, said, “we see a growing demand in the market due to buoyant crude prices and tightening of emission norms across the world. These orders reflect the confidence our clients have in us for supplying such critical reactors.”
“L&T is committed to deliver the equipment on-time, fully complying with the stringent quality and safety standards. Manufacturing of such superheavy reactors weighing more than 2,000 tonnes, demands special infrastructure and technologies. Our state-of-the-art Hazira manufacturing complex is well poised to cater to such a niche segment,” he added.
L&T heavy engineering has a proven track record of supplying technology-intensive reactors and systems to global companies in the refinery, oil, gas, petrochemical, fertiliser, thermal, and nuclear power sectors.
