L&T Secures Major Expansion Project for Steel Producer in MENA Region

Larsen & Toubro (L&T) has been awarded a significant contract for the construction of a Pellet Plant and a Direct Reduction of Iron (DRI) Plant for a reputed steel producer in the Middle East and North Africa (MENA) region. 

This project aligns with the broader global initiative toward decarbonisation and reinforces L&T’s expertise in delivering advanced steel manufacturing facilities. The order value is in the range of ₹5,000 – ₹10,000 crores.

Project Scope and Execution

L&T’s Minerals & Metals (M&M) business vertical will handle the end-to-end execution of the project, covering engineering, supply, erection, and construction. The company will employ internationally recognised technologies to build the Pellet and DRI plants, ensuring they meet global standards in efficiency and sustainability. Having executed multiple landmark projects in the iron and steel sector, L&T continues to demonstrate its leadership in delivering complex industrial infrastructure.

Significance and L&T’s Commitment

This expansion project further strengthens L&T’s presence in the MENA region’s metallurgical sector. According to Mr D K Sen, Executive Committee Member and Advisor to the CMD at L&T, the project highlights M&M’s consistent ability to execute large-scale steel plant projects while adhering to international standards of quality, safety, and timely completion.

The company’s EPC expertise spans diverse industrial sectors, including mining, cement, fertilisers, and port infrastructure, reinforcing its role as a global engineering leader.

L&T Share Performance

As of February 03, 2025, at 12:55 PM, the shares of L&T are trading at ₹3,439.35 per share, reflecting a surge of 4.56% from the previous day’s closing price.

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