L&T to produce speciality pipes for Australian firm
₹1,000- 2,500 crore. “This milestone aligns with our strategic goal of expanding in geography and client base underscoring our commitment to extend the concept of modularization to onshore projects," Subramanian Sarma, whole time director and senior executive vice president, energy, L&T, said.
The firm aims to supply about 50,000 MT of modules in 32 months. These modules will be produced at L&T’s Kattupalli Modular Fabrication Facility.
“Products will be shipped in a fully tested, pre-commissioned and in ready to install condition to project site in Australia," said L&T. Shares of L&T closed at ₹2,662.25 apiece on Monday, up 0.77%.
“L&T have gone through the meticulous tender process and got a significant modular fabrication package based on its technical expertise, quality, health, safety and environment and operational excellence. We look forward to achieving this critical milestone with SCJV and L&T," said Perdaman chairperson Vikas Rambal.
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