L&T Hydrocarbon Engg to Set Up Two Fertilizer Plants for HURL | CORPORATE ETHOS

L&T Hydrocarbon Engg to Set Up Two Fertilizer Plants for HURL

By: | May 21, 2018

May 21: L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Mumbai-based engineering and construction major Larsen & Toubro Ltd (L&T), in consortium with TechnipFMC, on Monday said that it has won two significant orders from Hindustan Urvarak and Rasayan Ltd (HURL), a joint venture company of IOCL, NTPC, CIL, FCIL and HFCL.

According to L&T, the engineering, procurement, construction and commissioning (EPCC) contracts are for setting up two fertilizer plants of 2,200 TPD Ammonia & 3,850 TPD Urea at Barauni (Bihar) and Sindri (Jharkhand).

“The plants will be based on world-renowned ammonia technology of Haldor Topsoe, Denmark and urea technology of Saipem, Italy,” it said.

LTHE scope of work, worth in excess of Rs 3,800 crore, consists of two 2,200 TPD Ammonia plants. Both the projects, awarded through international competitive bidding, are on Lump Sum Turn Key (LSTK) basis and shall be executed concurrently, the company added.

Commenting on the development, Subramanian Sarma, MD & CEO, LTHE said, “L&T has a Proven Track Record of over 25+ years in the fertilizer sector and bagging these two orders from HURL reinforces our integrated capabilities in executing critical plants for fertilizers, refinery and petrochemical segments. We are extremely proud to be associated with these projects of national importance, critical to enhancing India’s food security and boosting the Make-in-India initiative.”

L&T shares were trading at Rs 1,325.50, up 0.72% from the previous closing of Rs 1,316.05, on BSE at 11.11 am today.