Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
15 October, 2018 18:13 IST
L&T's power business wins orders worth Rs 10.80 bn
Source: IRIS | 09 Aug, 2018, 11.50AM
Comments  |  Post Comment

The Power business of Larsen & Toubro (L&T) has won orders worth Rs 10.80 billion.

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 and Lara, Chhattisgarh.

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 SO2emissions.

Shailendra Roy, CEO & Managing Director, L&T Power and Whole-Time Director, L&T, 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 L&T is fully geared to cater to this new market of air pollution control systems."
 
L&T has a long-term technical licence agreement with Chiyoda Corporation of Japan for its Thiyoda Thoroughbred 121TM(CT-121Tm) FGD technology. The agreement grants L&T exclusive rights to undertake engineering, procurement and construction (EPC) of CT-121TM 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.

Shares of the company declined Rs 1.5, or 0.12%, to trade at Rs 1,296.25. The total volume of shares traded was 18,762 at the BSE (11.40 a.m., Thursday).



Larsen & Toubro Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Shriram Transport to raise upto Rs 13.50 bn via NCDs - 15-Oct-2018 10:29
Infosys completes acquisition of Fluido - 15-Oct-2018 10:25
Dr. Reddy's Lab sells Hyderabad API manufacturing unit - 15-Oct-2018 10:14
Larsen & Toubro arm secures orders worth Rs 10.50 bn - 15-Oct-2018 10:11
Zydus Cadila receives USFDA tentative approval for 2 drugs - 12-Oct-2018 13:12
Govt approves acquisition of up to 77.80% stake of Merck by P&G - 11-Oct-2018 10:13
ITI bags order worth Rs 3.34 bn for RajNet project - 11-Oct-2018 10:09
Lupin launches generic Clobetasol propionate ointment in US - 10-Oct-2018 09:59
Genus Power Infrastructures bags order worth Rs 3.12 bn - 10-Oct-2018 09:56
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer