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    500510   INE018A01030

LARSEN & TOUBRO LIMITED

(500510)
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Larsen & Toubro : L&T bags order for Titanium Clad Oxidation Reactor from Technip Energies

08/16/2021 | 10:41am EST

Mumbai - The Heavy Engineering arm of Larsen & Toubro has won an order for Oxidation Reactor from Technip Energies-India against stiff global competition.

This order for the technologically critical Titanium Clad Reactor is for a Public Sector Petrochemical project for Purified Terephthalic Acid plant. The scope of supply involves Design, Material Procurement, fabrication, inspection and testing of Reactor meeting the Licensors stringent quality requirements. This is an important step in indigenization of High technology equipment and a major contribution towards Government of India's 'Aatmanirbhar Bharat' initiative. L&T Heavy Engineering developed the technology for titanium clad equipment fabrication inhouse conforming to global standards of quality. This Critical Reactor is built to precision tolerances considering the exposure to severe corrosive atmosphere and dynamic loading during service.

This order marks opening of multiple avenues for L&T Heavy Engineering for critical Titanium Clad Reactors in both Domestic and Global markets. L&T Heavy Engineering is among the top 3 global heavy equipment fabricators. Its strengths include in-house design and engineering, state-of-the-art fully integrated fabrication facilities, R&D Centres and experienced project teams.

The company custom-designs, fabricates and integrates engineered-to-order critical equipment and piping solutions for core process plant sector (Refinery, Fertilizer, Petrochemicals) and Nuclear Power industries. Dedicated Engineering, Procurement, Project Management and Construction teams of our Modification, Revamp and Upgrade (MRU) business offer technology-driven, quick turnaround solutions for Process Plants.

Background:

Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Contact:

Yuvraj Mehta

Head

Corporate Brand Management & Communications

E: Yuvraj.mehta@larsentoubro.com

T: +91 85888 88272

Ketan Bondre

Head

Media Relations

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 1 568 B 20 908 M 20 908 M
Net income 2022 97 619 M 1 302 M 1 302 M
Net Debt 2022 1 077 B 14 353 M 14 353 M
P/E ratio 2022 25,6x
Yield 2022 1,28%
Capitalization 2 497 B 33 269 M 33 291 M
EV / Sales 2022 2,28x
EV / Sales 2023 2,02x
Nbr of Employees 40 253
Free-Float 86,0%
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Number of Analysts 36
Last Close Price 1 777,35 INR
Average target price 2 175,22 INR
Spread / Average Target 22,4%
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Sekharipuram Narayan Subrahmanyan Chief Executive Officer, MD & Executive Director
Ramamurthi Shankar Raman Chief Financial Officer & Executive Director
Anil Kumar Manibhai Naik Group Non-Executive Chairman
A. Sivaram Nair Secretary & Compliance Officer
Mukund Manohar Chitale Independent Non-Executive Director
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