ManagementL&T bags Rs 2,000 cr order from GMR group
Engineering firm Larsen & Toubro (L&T) today said it has received an order worth over Rs 2,000 crore from GMR Energy for setting up a gas-based power plant in Andhra Pradesh.
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Under the scope of the order, L&T would set up the gas-based power plant at Vemagiri (near Rajamundry,Andhra Pradesh) the company said in a filing to the Bombay Stock Exchange.
The project is expected to be completed in the 11th plan.
L&T"s subsidiary — L&T-Sargent and Lundy — would carry out the plant integration and detailed engineering.
The construction, installation, commissioning and project management would be done by L&T.
As part of the order, L&T would design and manufacture critical equipment for the plant like heat recovery steam generators, switchgear and cooling towers among other things.
Shares of the company were trading at Rs 1,645.75, up 0.61 per cent on the BSE in morning trade.
Earlier, L&T had set up a similar plant of 388.5 Mw for the GMR group at the same location that was commissioned in 2006.