-- The minerals and metals business vertical of Larsen & Toubro (NSE:LT, BOM:500510) has secured its largest-ever "mega" order in the domestic metals sector, valued between 100 billion Indian rupees and 150 billion rupees, from JSW Steel (NSE:JSWSTEEL, BOM:500228).
Under the contract, the company will provide comprehensive engineering, procurement, and installation of critical process facilities, including blast furnaces and steel melt shops, across various JSW Steel sites in India, mainly at Ballari in Karnataka and Paradip in Odisha.
This is part of JSW Steel's expansion of its crude steel processing capacity from 35 million tons per annum (MTPA) to over 50 MTPA by 2031.
The company's shares were up over 3% in recent trade.