L&T, Mitsubishi JV plans 4,000 Mw capacity

Larsen & Toubro (L&T) is planning to ramp up the manufacturing capacity of super-critical boilers and super-critical turbine generators to 4,000 Mw per annum.

The foundation stone for the upgraded facility was laid at Hazira today in the presence of A M Naik, chairman and managing director, L&T, and Ichiro Fukue, representative director, Mitsubishi Heavy Industries.

L&T is the only private sector company in India to enter the space of super-critical boilers and turbine generators. The company will be manufacturing and marketing these critical components through two separate joint ventures with Mitsubishi Heavy Industries (MHI) of Japan. L&T will hold 51% stake in both the JVs with MHI holding the remaining 49%. The JVs will have an investment of Rs 1,500 crore.