L&T secures several contracts in Q2-FY23

The Heavy Engineering arm of Larsen & Toubro has won several contracts in Q2 of FY23. Some of these marquee contracts secured from prestigious clients demonstrate L&T’s hi-tech manufacturing capabilities. L&T Heavy Engineering secured a key order for the supply of Reactors for renewable diesel production from a prestigious client in Singapore. This project will further strengthen the green product portfolio of the business. The business also secured a repeat order for the supply of four identical Coke Drums for a refinery in Mexico. In the petrochemicals segment, the business won two large critical Tubular Reactors from a global petrochemical major for their project in China. All the orders were won against stiff international competition on the back of reliable performance.

On the domestic front, L&T Heavy Engineering successfully bagged multiple strategic orders for IOCL’s Panipat P25 Project. The contract also includes manufacturing of LC Finning Cr-Mo-V Reactor for Residue Hydrocracker Unit (RHCU) using Axens Technology and Loop Reactor using LyondellBasell Technology. These pieces of heavy engineering equipment are also a first-of-their-kind to be made by any Indian manufacturer, signifying a big boost to the Atmanirbhar Bharat mission.

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