L&T's Power Business Bags Orders Worth Rs 1,400 Cr
Shalini | Myequity news | Date : 27-09-2018 11:30:00 IST
The Power business of Larsen & Toubro has won orders worth T1,400 crore.
The business has received two orders for setting up Flue Gas Desulphurisation (FGD) systems from NTPC at its Vindhyachal Super Thermal Power Plant in Madhya Pradesh and Darlipali Super Thermal Power Project in Odisha.
Installation of FGD systems in existing and upcoming thermal power plants has been made mandatory by Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India, to curtail SO2 emissions.
L&T has a long-term technical licence agreement with Chiyoda Corporation of Japan for its `Chiyoda Thoroughbred 121TM (CT-121Tm) FGD technology. The agreement grants L&T exclusive rights to undertake engineering, procurement and construction (EPC) of CT-1211.m FGD systems. The CT-121Tm FGD process is a unique technology developed by Chiyoda in which sulphur dioxide is absorbed from flue gas generated by coal-fired, oil-fired and other types of boilers and removed as gypsum.
The Power business of L&T, through its joint venture companies, has also won orders in the domestic and export markets for engineering services and supply of components. About Larsen & Toubro :
Larsen & 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 30 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled Lai- to attain and sustain leadership in its major lines of business for eight decades.