L&T consortium bags Rs 1400 cr contract

Mumbai, Mar 15 (UNI) Engineering and infrastructure major Larsen&Toubro (L&T) and its international consortium partners of Paul Wurth Italia and India have bagged a Rs 1,400 crore contract for the expansion of Vizag steel plant of Rashtriya Ispat Nigam Limited (RINL).

This is the largest sigle-value EPC (engineer-procure-construct) order bagged against stiff international competition from Chinese, Korean and Russian firms, L&T said in a statement today.

L&T will construct a blast furnace with a capacity of 2.5 million tonnes of hot metal per year at the Vizag plant in 30 months to enable the RINL double its capacity to 6.5 million tonnes per annum(MTPA) of hot metal from 3.2 MTPA, the statement said, adding the company's share in the contract is valued at around Rs 810 crores.

The L&T-led consortium is already setting up a similar sized blast furnace for Tata Steel at Jamshedpur where the project is scheduled to be commissioned by early next year.

UNI