L&T shares gain over 1% after subsidiary bags multiple large orders across domestic and global markets

On the international front, L&T Heavy Engineering has secured an order from the United States to manufacture vessels for an NGL fractionator project and the cartridge for a blue ammonia project in Louisiana.

From Mexico, the vertical has secured orders for ammonia and urea processing equipment for two fertiliser plants. From Brazil for critical heat exchangers in the replacement market.

Again, from Saudi Arabia, the vertical has won the order for a refinery and integrated petrochemical complex in Saudi Arabia for an amendment to a critical contract related to the HOFCC Reactor and Regenerator revamp.

In the nuclear power equipment sector, Vertical has secured orders for critical equipment to be supplied to international and domestic nuclear projects.

In the domestic market, Vertical has secured crucial equipment orders for the 2RK65 Heat Exchanger Package (4 units) of proprietary MOC, meant for one of the major customer’s 3 MMTPA PTA7 projects at Dahej in Gujarat.

"All these orders underscore the trust that customers repose in L&T’s cutting-edge manufacturing capabilities to deliver high-quality, fully dressed equipment across the globe," the company said in a regulartory filing.

This is the fifth order win for Larsen & Toubro in the month of October. Last week, the infrastructure major’s Minerals & Metals (M&M) arm secured several orders across India. One of the key wins was from Hindalco, which has contracted L&T to build a 180 KTPA aluminium smelter and a Gas Treatment Centre (GTC) for its upcoming greenfield project in Odisha.

In another major order, M&M has been selected by Tata Steel, Jamshedpur, to set up a 1 MTPA Coke Oven Battery 6 A/B. 

Following the development, at 12:20 PM, L&T shares were trading at ₹3,936.40 apiece on NSE, gaining 0.32%.

L&T is a $30 billion Indian multinational enterprise engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies.