Larsen & Toubro ink $4.5bn contracts in two months
Major power and infrastructure deals signed by Mumbai-based construction conglomerate
Mumbai-based construction conglomerate Larsen & Toubro (L&T) secured a number of lucrative orders worth over $4.5bn in the past two months.
The company penned an EPC deal with India’s NTPC to build a 2x660 MW greenfield Ultra-Supercritical Thermal Power Plant in Khargone district of Madhya Pradesh.
It will not only be the company’s first ultra-supercritical thermal power plant project, but India’s first too. L&T has produced 10 turbines and 8 boilers of 660/700/800 MW unit sizes to various state utilities and independent power producers in the past, but this is the first deal to be awarded the company on an EPC basis.
The contract, valued at $1.03 billion, covers the design, engineering, manufacture, supply, erection and commissioning of two coal-fired thermal units of 660 MW each.
The company also secured a 30-month contract from Delhi’s public works department to construct the third phase of the Barapullah Elevated Corridor in Delhi in March. The $308m project will link Sarai Kale Khan and Mayur Vihar through the elevated corridor across river Yamuna. The scope in-cludes construction of 550m-long six-lane bridge and 4.3km-long four-lane elevated road, a flyover at Mayur Vihar Side, connecting loops, cycle tracks, road works, architectural lighting and other allied works.
Among a number of other major projects inked by the company was a $49m World Bank-funded project to construct a 242km waste water network and three waste water pumping stations in Al-lahabad and four other major infrastructure contracts totalling $620m that include the Rewa-Katni-Jabalpur (Package 1, 2 & 4) and Jabalpur Lakhnadon projects.