PHOTO
India’s Larsen & Toubro (L&T) said its minerals & metals (M&M) business vertical has bagged an order to set up a pellet plant and a direct reduction of iron (DRI) plant in the Middle East & North Africa (MENA) region.
The new order is related to an expansion contract won earlier from a client, a large regional steel producer, L&T said in a statement to the Bombay Stock Exchange (BSE) on Monday.
The work scope includes design-build pellet and DRI plants encompassing engineering, supply, erection and construction works.
The order is classified as a “major”, translating the value between INR50 billion to INR100 billion ($574-$ 1.15 billion).
The client’s name and country were not disclosed.
(1 US Dollar = 87.07 Indian rupees)
(Writing by P Deol; Editing by Anoop Menon)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.