L&T consortium bags Rs 1,400cr order for RINL's Vizag plant

New Delhi, Mar 15 (UNI) Larsen and Toubro Ltd (L&T) along with its consortium partner Paul Wurth Italia and India today bagged a Rs 1,400 crore engineer-procure-construct (EPC) order, for the expansion of Vizag steel plant of Rashtriya Ispat Nigam Ltd (RINL).

L&T will construct the third blast furnace of RINL, a 3,800 cu m unit with a capacity of 2.5 million tonnes of hot metal per year, making it the second biggest blast furnace in the country.

The company's contract-value in this project is about Rs 810 crore. This is the largest single-value order for the company.

L&T's Construction Division, ECC, will execute this contract in consortium with Paul Wurth Italia within a time-frame of 30 months.

The scope of work includes complete detailed engineering apart from certain areas of basic engineering based on the process-engineering being supplied by Paul Wurth.

The complete indigenous manufacturing and supply of equipment lies in the scope of L&T. Apart from this, complete site services including the civil and structural works and erection of equipment will be undertaken by the company, with specialised supervision being provided by Paul Wurth.

With the national steel policy anticipating production of 110 million tonnes per annum (MTPA) of steel in the country by the year 2019-20, RINL has embarked upon a capacity expansion at Vizag.

It had invited bids for installation of the new blast furnace to double its capacity to 6.5 MTPA of hot metal from the present level of 3.2 MTPA.

Paul Wurth Italia is the world-leader in iron-making technology through the blast furnace route.

The consortium is already executing a similar sized blast furnace order for Tata Steel in Jamshedpur where the project is scheduled to be commissioned by early next year.

UNI