Asia
Larsen & Toubro Bags Order to Develop Coal-to-Ammonium-Nitrate Project in Odisha, India
Larsen & Toubro's (NSE:LT, BOM:500510) hydrocarbon business has secured a "significant" order valued between 10 billion Indian rupees and 25 billion rupees, from Bharat Coal Gasification and Chemicals, according to a Friday filing to the Indian stock exchanges.Bharat Coal is a joint venture of Coal India (NSE:COALINDIA, BOM:533278) and Bharat Heavy Electricals (NSE:BHEL, BOM:500103).The contract is for developing a coal-to-ammonium-nitrate project in Odisha, India, to enable downstream manufacture of nitric acid and ammonium nitrate.The scope of work includes the process licence, basic design, detailed engineering, procurement and construction, overall project management, and final handover of the ammonia synthesis unit and its associated facilities.The company's shares were down over 1% in recent trade.
BOM:500103BOM:500510BOM:533278NSE:BHELNSE:COALINDIANSE:LT