Mega Deal Alert! Leading EPC Firm Wins Major Steel Plant Contract in MENA, Secures Rs 1,16,000 Crore Orders in a Quarter!
New Facility to Enhance Sustainable Steel Production for the Region
New Steel Plant Expansion Contract
Larsen & Toubro (L&T) has secured a Rs 5,000-10,000 crore contract to build a Pellet Plant and Direct Reduction of Iron (DRI) Plant for a leading steel producer in the Middle East & North Africa (MENA) region. This project is part of a broader global decarbonisation initiative and involves engineering, supply, erection, and construction using advanced technologies.
L&T’s Expertise in Steel & Metallurgy
L&T has a strong presence in the metals and minerals sector, having executed several landmark steel manufacturing projects worldwide. This latest order reinforces its position as a trusted EPC partner for complex steel plant projects.
D K Sen, Executive Committee Member and Advisor to the CMD, stated that this project highlights L&T’s commitment to delivering high-quality steel plants while ensuring safety and on-time completion.
M&M Business Vertical
L&T’s Minerals & Metals (M&M) vertical provides end-to-end EPC solutions for industries such as mining, minerals processing, cement, steel, and fertilisers. The division has a track record of executing large-scale projects with cost-effective solutions.
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Q3 FY25 Financial Performance
Record Order Inflow
L&T reported its highest-ever quarterly order inflow of Rs 1,160 billion, a 53 per cent year-on-year increase.
Revenue & Profit Growth
- Revenue: Rs 647 billion (up 17 per cent YoY)
- Profit After Tax: Rs 34 billion (up 14 per cent YoY)
Strong Execution Momentum
Growth was driven by infrastructure, hydrocarbon, and precision engineering businesses. The company also improved its Net Working Capital to Revenue ratio to 12.7 per cent, reflecting better operational efficiency.
L&T remains a key player in EPC, technology, and infrastructure sectors, expanding its global presence while focusing on sustainable growth.
Disclaimer: The article is for informational purposes only and not investment advice.