Mumbai:
- Soon after bagging over Rs 5,000 crore worth of orders from the Oil and Natural Gas Corporation (ONGC) for the Mumbai High North (MHN) process platform and living quarter's project, Larsen & Toubro (L&T) on Thursday said it has received a Rs 2,000-crore order from GMR Energy Limited, a GMR Group company, for setting up a 2x384 mw gas-based power plant at Vemagiri, near Rajamundry in Andhra Pradesh, on a lumpsum turnkey basis.
- "L&T has a long relationship with GMR Group and has built the Hyderabad and Delhi airports for them. GMR has the confidence that L&T can complete the projects within the tight schedule," an L&T spokesman said. L&T is focusing on growth in the power sector and at present has an order backlog of over Rs 8,000 crore in this sector. This is expected to grow further by the end of the financial year, he added.
- As part of GMR's new order strategy, L&T-Sargent and Lundy, a subsidiary of L&T, will carry out the plant integration and detailed engineering, using propriety technology of Sargent & Lundy LLC, USA. L&T will design and manufacture critical equipment for the plant. While the ONGC project is expected to be completed in 33 months, the new GMR order project will be executed on fast track and completed in the 11th Plan.
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