L&T bags $60 mn order in Saudi Arabia

Larsen & Toubro (L&T) has bagged a $60 million engineering and procurement order from Saudi Arabia-based Chemanol. The order involves setting up high-technology plants for manufacturing methylamines and dimethyl formamides.

Chemanol (formerly Saudi Formaldehyde Chemical Company) is a private sector enterprise, located in the Al Jubail Industry city. The company is into manufacturing of formaldehyde and its derivative products, L&T said in a statement to the BSE.

L&T will set up a 50,000 metric tonnes per annum (MTPA) methylamine plant and a 60,000 MTPA dimethyl formamide plant.

L&T's scope of work comprises residual process design, detailed engineering, project management and procurement of the equipment and materials for the plant. The company will also provide the technical services for the erection and commissioning of the plant.

The company is already executing 700 tonnes per day (TPD) of methanol and 100 TPD of carbon monoxide plant for Chemanol as part of its backward integration project.