L&T bags gasification equipment orders from Wuhan Engineering

On Thursday, the heavy engineering arm of Larsen & Toubro announced that the unit has secured orders for key gasification equipment from Wuhan Engineering Ltd (China) against stiff Chinese competition for Talcher Fertiliser Ltd (TFL) which is the first-of-its-kind coal gasification project in India.

The project will produce 1.27 MMTPA of urea through the gasification of the mixed feedstock of Indian coal with a high ash content and pet coke. The heavy engineering arm of L&T has previously delivered key gasification equipment to Chinese and Vietnamese markets in the past.

Other notable orders include reactors and heat exchangers for process plant and nuclear power sectors against global competition. During the year, international orders were secured mainly from US, Canada, Mexico, the Middle East and South-East Asia.

The total consideration of these orders in Q4 of FY20 was not disclosed however, the company noted that they fall under the significant category, ranging from Rs 1,000 to Rs 2,500 crore.

L&T is an Indian multinational company engaged in technology, engineering, construction, manufacturing and financial services.

At 11.30 am on Thursday, the stock was trading at Rs 916.80, up by 4.19 per cent or Rs 36.90 per share. The 52-week high is recorded at Rs 1,606.70 and the 52-week low is Rs 661.05 on BSE.