Larsen and Toubro led consortium on Thursday bagged a Rs 581 crore contract from Steel Authority of India Ltd for upgradation of a blast furnace at the Bokaro Steel Plant.
L&T in association with Italy-based Paul Wurth, has bagged Rs 580.74 crore order from SAIL, the company informed in a filing to the Bombay Stock Exchange.
The company's construction division would execute the contract. Individually, the contract is worth Rs 355.02 crore to L&T, the company added.
The project would be completed within 21 months of it becoming operational, the company added.
The consortium is presently executing the blast furnace at the Tata Steel plant in Jamshedpur which is nearing completion.
It is currently executing similar blast furnaces for Vizag Steel Plant and Bhushan Steel Ltd for their plant in Orissa, the firm informed.
Source : The Hindu
15th November, 2007