Larsen & Toubro Wins Major Order from JSW Steel in Metals Sector
Larsen & Toubro secures its largest domestic order in metals segment
Business Standard
Image: Business Standard
Larsen & Toubro (L&T) has secured its largest domestic order in the metals sector from JSW Steel, valued between ₹10,000 crore and ₹15,000 crore (approximately $1.2 billion to $1.8 billion USD). This partnership aims to enhance India's steel production capacity as JSW Steel plans to increase its processing capacity to over 50 million tonnes per annum by 2031.
- 01L&T has received its largest domestic order in the metals sector from JSW Steel.
- 02The order value is estimated between ₹10,000 crore and ₹15,000 crore.
- 03This partnership has lasted over 30 years, focusing on complex metallurgical projects.
- 04JSW Steel aims to expand its crude steel processing capacity to over 50 million tonnes per annum by 2031.
- 05L&T will handle engineering, procurement, and installation of key facilities at JSW sites.
Advertisement
In-Article Ad
Larsen & Toubro (L&T) has achieved a significant milestone by securing its largest domestic order in the metals sector, awarded by JSW Steel. The order is valued between ₹10,000 crore and ₹15,000 crore (approximately $1.2 billion to $1.8 billion USD). This partnership, which has flourished over three decades, emphasizes the companies' commitment to enhancing India's steel production capabilities through advanced technology and operational excellence. JSW Steel is on a strategic growth path, aiming to increase its crude steel processing capacity from 35 million tonnes per annum (MTPA) to over 50 MTPA by 2031. L&T's Minerals & Metals (M&M) vertical will be responsible for the engineering, procurement, and installation of essential process facilities, including Blast Furnaces and Steel Melt Shops, across various brownfield and greenfield expansions, primarily located at JSW sites in Ballari, Karnataka, and Paradip, Odisha.
Advertisement
In-Article Ad
This order will significantly boost local employment and economic activity in Karnataka and Odisha, where the projects will be executed.
Advertisement
In-Article Ad
Reader Poll
Do you think expanding steel production capacity is essential for India's economy?
Connecting to poll...
More about Larsen & Toubro
Read the original article
Visit the source for the complete story.