L&T, a USD 27 billion Indian multinational enterprise, Minerals & Metals division has secured a major contract to set up state-of-the-art freight handling facilities in the Gulf Cooperation Council (GCC) region, further strengthening its position in global infrastructure projects.
Larsen & Toubro’s Minerals & Metals (M&M) division has won a major order to set up freight handling facilities in the GCC region. This order is a repeat contract from a prominent railway company in the GCC, which plans to expand its capacity in stages. The project will involve several phases including advanced automation and control systems at two different locations along with additional components.
The project involves the engineering, procurement, construction and commissioning (EPCC) of freight-handling facilities. These facilities will feature the latest automation and control technologies. L&T has a strong track record in completing similar freight handling projects both in India and the Middle East, showcasing its capabilities in delivering high-quality projects.
This new project reinforces M&M’s standing as a leader in freight handling facilities. According to Mr D K Sen, Executive Committee Member and Advisor to the CMD at L&T, the repeat order from the GCC’s largest railway company is a clear indication of L&T’s ability to consistently meet international standards in terms of quality, safety and timely project completion.
The order is classified as a “Significant” project, valued between ₹1,000 crore and ₹2,500 crore.
L&T’s project classification includes the following categories:
Larsen & Toubro, a $27 billion multinational company, is involved in various sectors like EPC projects, high-tech manufacturing and services. The company’s focus on customer satisfaction and maintaining top-quality standards has helped it maintain a leadership position in its key business areas for over 80 years.
As of January 30, 2025, at 12:45 PM, L&T’s shares are trading at ₹3,432.05 per share, down 0.51% from yesterday’s closing price. Over the last month, the stock has fallen by 4.10% and over the past year, it has declined by 6.42%. The stock has a 52-week high and 52-week low of ₹3,963.50 per share and ₹3,175.05 per share respectively.
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Published on: Jan 30, 2025, 3:19 PM IST
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