L&T Metallurgical wing wins Rs 2,030 cr orders in July-Sept

Engineering and Construction major Larsen & Toubro today said its Metallurgical and Material Handling business has won new orders worth Rs 2,030 crore in steel, port and bulk material handling sectors during the second quarter of 2014-15.
The scope of work for the company includes construction and balance of plant of a coke oven battery as well as large capacity conveying system including yard machines at major ports.
The contract also includes a coal handling plant at the mine heads of the Northern coal fields and the Mahanadi coal fields, the company said in a statement.
"The orders (during July-September) are clear signs of the change in the investment climate in both Metallurgical and Bulk Material Handling Sectors where L&T continues to maintain its leadership position," L&T said.

The capabilities of MMH to provide technology, engineering, manufacturing and construction services coupled with the commissioning and demonstration of performance of all critical units of steel plants as well as material handling plants give it the unique status of a complete solution provider in the industry, it said.
L&T is a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations.
The company's scrip closed at Rs 1,467.45, down 0.59 per cent, on the BSE.