L&T Partners with ITER for Nuclear Fusion Breakthrough

On October 25, 2024, Larsen & Toubro (L&T), a leading technology-driven company in India, secured a significant new contract from the ITER organisation, an intergovernmental body based in France. 

This contract involves deploying advanced technologies to assemble important components within the Vacuum Vessel at ITER, the world’s largest nuclear fusion project located in Cadarache, southern France.

Additionally, L&T signed a Memorandum of Understanding (MoU) with the ITER Organisation for technical collaboration on this project. As part of the MoU, L&T will assist in developing cutting-edge technology for the unique hardware and assembly of fusion systems inside the ITER Tokamak’s vacuum vessel, which is essential for plasma operation. Most of these tasks will take place in the Tokamak pit at the ITER site.

Notably, during the COVID pandemic in 2020, L&T successfully manufactured and delivered the world’s largest stainless-steel high-vacuum pressure vessel (Cryostat) for the ITER project.

Commenting on the new deal, Mr Anil Parab, Whole-time Director & Sr Executive Vice President – of Heavy Engineering and L&T Valves, said: “L&T and ITER are teaming up to combine their strengths to build the world’s largest Tokomak, to prove the feasibility of nuclear fusion as a large scale and carbon-free source, based on the same principles that power the Sun. The technical collaboration will showcase L&T’s capabilities in high-tech manufacturing in global markets.”

About the ITER Organisation

The ITER Organisation is an international body established to promote cooperation among its member countries for the ITER Project, which aims to prove the scientific and technological feasibility of fusion energy for peaceful use. It oversees the overall integration of the project and manages the ITER facility at Cadarache. The member countries include India, the European Union, Japan, South Korea, Russia, China, and the United States.

About Larsen & Toubro

Larsen & Toubro is a $27 billion Indian multinational company involved in Engineering, Procurement, and Construction (EPC) projects, high-tech manufacturing, and services, operating in over 50 countries. Its customer-focused approach and commitment to high-quality standards have helped L&T maintain its leadership in various sectors for 80 years.

On October 25, 2024, Larsen and Toubro Ltd’s share price opened at ₹3,425.00, touching the day’s low at ₹3,315.05, as of 12:07 PM on the NSE.

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