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Larsen & Toubro to Undertake Coal-to-Ammonia-Nitrate Project in Odisha, India

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The hydrocarbon onshore business of Larsen & Toubro (NSE:LT, BOM:500510) has secured a "large order," valued between 25 billion Indian rupees and 50 billion rupees, from Bharat Coal Gasification and Chemicals, a joint venture of Coal India (NSE:COALINDIA, BOM:533278) and Bharat Heavy Electricals (NSE:BHEL, BOM:500103).

The contract involves the establishment of a coal-to-ammonia-nitrate facility in Odisha, India, according to a Tuesday filing to the Indian stock exchanges.

Larsen & Toubro will set up a nitric acid and ammonium nitrate plant, to be executed on a lump sum turnkey basis. The facility enables the conversion of coal into ammonium nitrate at a production capacity of 2,000 tons per day.

Larsen & Toubro shares were down over 1% in recent trade.

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