02-10-2008, 07:52 PM
<b>Larsen & Toubro bags Rs 1,107 cr contract from SAIL</b>
8 Feb, 2008
MUMBAI: Larsen & Toubro has bagged orders valued at Rs 1,107 crore from SAIL for the turnkey construction of coal and coke handling plant and base mix preparation plant at IISCO Steel Plant in West Bengal. The project will be completed in 26 months.
The scope of work includes basic and detail engineering--supply, erection of mechanical, electrical and instrumentation works; complete structural works including testing and commissioning of the same.
"L&T has already signed a contract for executing the sinter plant package for SAIL at IISCO Burnpur Steel Plant on a turnkey basis. With these orders L&T has emerged as the largest partner in the implementation of 2.5 million tonne per annum modernization project at IISCO Burnpur," said KV Rangaswami, president of construction division of the L&T.
At 12:23 pm, L&T shares were down 3.18 per cent at Rs 3515 and SAIL shares were down 4.90 per cent at Rs 200 on BSE.
8 Feb, 2008
MUMBAI: Larsen & Toubro has bagged orders valued at Rs 1,107 crore from SAIL for the turnkey construction of coal and coke handling plant and base mix preparation plant at IISCO Steel Plant in West Bengal. The project will be completed in 26 months.
The scope of work includes basic and detail engineering--supply, erection of mechanical, electrical and instrumentation works; complete structural works including testing and commissioning of the same.
"L&T has already signed a contract for executing the sinter plant package for SAIL at IISCO Burnpur Steel Plant on a turnkey basis. With these orders L&T has emerged as the largest partner in the implementation of 2.5 million tonne per annum modernization project at IISCO Burnpur," said KV Rangaswami, president of construction division of the L&T.
At 12:23 pm, L&T shares were down 3.18 per cent at Rs 3515 and SAIL shares were down 4.90 per cent at Rs 200 on BSE.