L&T power business wins orders worth Rs. 1,400 crore

The power business of Larsen & Toubro has won orders worth Rs. 1,400 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.

Larsen & Toubro is a diversified multinational company engaged in technology, engineering, construction, manufacturing and financial services segment with over US$ 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 L &T to attain and sustain leadership in its major lines of business for eight decades.

On Thursday, at 11:40 hours, L&T was trading at Rs. 1,318.05 per share on BSE exchange. The stock was down by Rs. 14.90 from its previous close. While the benchmark index BSE Sensex was trading at 36438.27, down by 104 points.