Larsen & Toubro (L&T) has recently announced that its subsidiary, Heavy Engineering, has secured contracts in both the domestic and international markets. While the specific order values were not disclosed, the company indicated that the substantial order’s worth falls within the range of Rs 1,000 crore to Rs 2,500 crore.
Larsen & Toubro (L&T), established in 1938, stands as a multinational conglomerate with its corporate headquarters situated in Mumbai, India. L&T is one of the foremost global entities in the realms of engineering and construction, it has steadily grown its footprint across diverse sectors, encompassing infrastructure, power, defense, technology, and financial services.
With a history spanning over eight decades, the company has emerged as one of the stalwarts in the industry, contributing significantly to the development and execution of large-scale projects worldwide. Incorporating a multifaceted portfolio, L&T continues to play a pivotal role in shaping the landscape of various industries, embodying innovation, reliability, and excellence in its endeavors.
The company operates in engineering, procurement, and construction (EPC) projects, contributing to critical infrastructure development worldwide. With a strong global presence and a diversified portfolio, L&T continues to play a pivotal role in shaping the infrastructure landscape and driving economic growth.
L&T Heavy Engineering’s (HE) sector specializing in Modification, Revamp, and Upgrade (MRU) endeavors has secured a contract from a pivotal client within the oil and gas industry. The awarded project pertains to a debottlenecking initiative, marking a substantial achievement for the MRU business segment.
Over the past few years, the Modification, Revamp & Upgrade, also known as the MRU business unit, has focused on seizing opportunities in the Middle East region, and this particular order stands out as a milestone in the company’s endeavors in the Middle Eastern market.
As articulated in a filing submitted to the Bombay Stock Exchange (BSE), the company emphasized the strategic importance of this undertaking within the broader context of their MRU operations and the regional market dynamics.
Larsen & Toubro, an Indian multinational conglomerate boasting a robust financial stature amounting to USD 23 billion, has firmly established its presence across a multifaceted landscape that encompasses engineering, procurement, high-tech manufacturing, construction projects, and a comprehensive array of diverse services.