Larsen and Toubro Limited Power Business Wins Orders Worth 1080 Crore
Sanjay Krishna | Myequity news | Date : 09-08-2018 14:30:00 IST
The Power business of Larsen and Toubro has won orders worth 21,080 crore.The business has received two orders from NTPC for setting up Flue Gas Desulphurisation(FGD) systems at its supercritical thermal power plants at Khargone, Madhya Pradesh andLara, Chhattisgarh.
The Ministry of Environment,Forest and Climate Change, (MoEFCC), Governmentof India to curtail SO2 emissions, have made the Installation of FGD systems in existing and upcoming thermal power plants.
Commenting on the FGD orders, Mr Shailendra Roy, CEO Et Managing Director, LaT Powerand Whole-Time Director, LandT, said, "With stringent pollution control measures in place,coal-fired power plants will play a major role in the country's energy mix for years to come,and LEtT is fully geared to cater to this new market of air pollution control systems."
L and T have a long-term technical licence agreement with Chiyoda Corporation of Japan for itsThiyoda Thoroughbred 121TM (CT-121Tm) FGD technology. The agreement grants LandTexclusive rights to undertake engineering, procurement and construction (EPC) of CT-121TMFGD systems. The CT-121Tm FGD process is a unique technology developed by Chiyoda inwhich sulphur dioxide is absorbed from flue gas generated by coal-fired, oil-fired and othertypes of boilers and removed as gypsum.
The Power business of LandT, through its joint venture companies, has also won orders in thedomestic and export markands for engineering services and supply of components.About Larsen and Toubro :
Larsen and Toubro is an Indian multinational engaged in technology, engineering, construction,manufacturing and financial services with over USD 18 billion in revenue. It operates in over 30countries worldwide. A strong, customer-focused approach and the constant quest for top-classquality have enabled LEn to attain and sustain leadership in its major lines of business for eight decades.