L&T Secures Record ₹10,000-15,000 Crore Contract from JSW Steel for Expansion Projects
JSW Steel awards mega metals contract to L&T for expansion projects
Business Standard
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Larsen & Toubro (L&T) has won its largest domestic metals order from JSW Steel, valued between ₹10,000-15,000 crore (approximately $1.2 billion to $1.8 billion USD). This contract will facilitate the expansion of JSW Steel's crude steel capacity from 35 million tonnes per annum to over 50 million tonnes by 2031, primarily at sites in Ballari, Karnataka, and Paradip, Odisha.
- 01L&T's order is valued between ₹10,000-15,000 crore, marking a record for the company in the domestic metals sector.
- 02The project aims to increase JSW Steel's crude steel capacity from 35 million tonnes per annum to over 50 million tonnes by 2031.
- 03The contract includes engineering, procurement, and installation of key facilities like blast furnaces and steel melt shops.
- 04This order reinforces L&T's leadership in executing large-scale and complex engineering projects.
- 05The collaboration between L&T and JSW Steel spans over three decades, highlighting a strong partnership in metallurgical projects.
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Larsen & Toubro (L&T) has secured its largest-ever order in the domestic metals sector from JSW Steel, valued between ₹10,000-15,000 crore (approximately $1.2 billion to $1.8 billion USD). This significant contract will involve comprehensive engineering, procurement, and installation of critical process facilities, including blast furnaces and steel melt shops, across multiple brownfield and greenfield expansion projects primarily located at JSW Steel's sites in Ballari, Karnataka and Paradip, Odisha. The order is pivotal for JSW Steel's strategic aim to boost its crude steel capacity from 35 million tonnes per annum (MTPA) to over 50 MTPA by 2031. D K Sen, advisor to the chairman and managing director at L&T, described the order as a defining moment for the company's Minerals & Metals division, emphasizing the trust placed in L&T to deliver assets of national significance. T Kumaresan, senior vice-president at L&T, noted that the order enhances the company's capability to execute large and complex projects, showcasing its commitment to integrating technology and optimizing project timelines.
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The expansion will create jobs and boost local economies in Ballari and Paradip, while enhancing steel production capacity to meet growing demand.
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