Larsen & Toubro (L&T) announced on Tuesday that its Heavy Engineering business vertical has successfully secured multiple orders, both domestically and internationally. The Modification, Revamp, and Upgrade (MRU) segment of L&T Heavy Engineering clinched a significant contract for a crucial debottlenecking project from a major oil and gas client in Saudi Arabia. Over the past few years, the MRU business has strategically focused on opportunities in the Middle East, making this order a noteworthy achievement in the region, as highlighted in the company's regulatory filing.
Additionally, the business secured the DCU Revamp Project from a prominent domestic refinery and the Coke Drum critical repair project from IOCL Gujarat Refinery. L&T emphasized that these accomplishments underscore the confidence customers place in L&T HE's technical expertise, reliability, and steadfast commitment.
In the international Process Plant Equipment market, L&T Heavy Engineering received orders for various critical equipment. This includes 2 EO Reactors from a leading global chemical company in Thailand, Cr-Mo-V Reactors for an oil project in Saudi Arabia, a Large Stainless-Steel Column for an NGL project in Australia, and a Heat Exchanger from a prominent industry player in the United States.
On the domestic front, L&T HE secured orders for manufacturing a VGO Reactor, Critical CrMo-V Reactor, and proprietary design high-pressure Heat Exchangers for a refinery project. The business also received an order for a Carbamate Condenser from RCF Mumbai for their Urea Plant.
L&T categorizes the value of significant orders between Rs 1000 crore and Rs 2500 crore, while large orders fall in the range of Rs 2500 crore to Rs 5000 crore. Major orders are valued between Rs 5000 crore and Rs 7000 crore, and mega orders are those exceeding Rs 7000 crore.Larsen & Toubro, a leading Indian multinational with a $23 billion valuation, is actively involved in EPC projects, advanced manufacturing, and diverse services. The company operates across more than 50 countries globally.