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18 March, 2018 03:47 IST
Larsen & Toubro JV secures order worth Rs 4.42 bn
Source: IRIS | 13 Mar, 2018, 08.58AM
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L&T Special Steels and Heavy Forgings Private, a joint venture of Larsen & Toubro (L&T) and Nuclear Power Corporation of India (NPCIL), has received an order worth Rs 4.42 billion from NPCIL to supply forgings for steam generators.

These forgings will be used in the manufacture of the critical equipment for six new indigenous 700 MWe Pressurised Heavy Water Reactors (PHWRs). This requirement is part of the Government of India's ambitious plan to put up 10 PHWR units.

Shailendra Roy, Whole-Time Director (Power, Heavy Engg. & Nuclear), L&T, said, ''This prestigious order from NPCIL reinforces L&T's standing in the country as a major player in the nuclear power sector.''

Shares of the company gained Rs 19.7, or 1.53%, to settle at  Rs 1,309.85.  The total volume of shares traded  was  183,634 at the BSE (Monday).

Larsen & Toubro Limited   (Q,N,C,F)*

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