India’s L&T wins two major contracts worth $65.7m

04 September 2007 12:02  [Source: ICIS news]

MUMBAI (ICIS news)--India’s Larsen & Toubro Limited (L&T) has won two major building contracts worth Indian rupees (Rs)2.7bn ($65.7m), the engineering company said on Tuesday.

The company is also going to supply reactors to Liaoning Huajin Chemical (LHC) for its expansion project.

L&T said the contract for LHC’s ethylene oxide/ethylene glycol 200,000 tonnes/year project in China consists of designing, manufacturing and supplying two ethylene oxide reactors.

“The demand for such critical hi-tech process plant equipment in the country as well as abroad is on the rise,” said MV Kotwal, senior executive vice president of L&T's heavy engineering division.

“We are expanding our manufacturing facilities at Hazira in Gujarat to cater to the demand. Currently, our exports account for around 68% the division’s turnover,” he added.

The company also said that it had won a contract from Indian Oil Corp to supply coke drums each weighing 520 tonnes for the refiners' hydrocracker project  at Gujarat.

($1 = Rs40.7)

By: Rajiv Ranjan
+65 6780 4359

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