BSE Capital Goods index rose 1 percent supported by Siemens, AIA Engineering, Timken India

BSE Capital Goods index rose 1 percent supported by Siemens, AIA Engineering, Timken India

S&P BSE CAPITAL GOODS
  • L&T Construction secures contracts for its Minerals and Metals Business

    The Minerals & Metals (M&M) Business of L&T Construction secured various orders in the Iron & Steel and Beneficiation sectors from ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between the two global steel giants – to carry-out their expansion plans in Gujarat and Odisha.

    The orders comprise various packages, awarded recently:

    • Installation of two blast furnaces of 3.5 MTPA capacity each on an EPC basis at their Hazira Plant in Gujarat. The scope inter alia includes associated supplies, construction, installation of both units – Blast Furnaces 2 and 3 concurrently in a phased completion.

    • In the same complex, M&M will carry out the installation of a Steel Melt Shop of 6 MTPA capacity with detailed design and engineering for the entire plant, supply of identified items and complete construction. The scope includes plant layout, installation of steel making facility, Secondary Metallurgy, and Slab Casting units concurrently within the agreed schedule.

    • Building a 6 MTPA Ore Beneficiation Plant at Sagasahi in Odisha on an EPC basis.

    Larsen & Toubro touched 52-week high of Rs 2,122.35 and was quoting at Rs 2,118.70, up Rs 24.85, or 1.19 percent.

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