L&T consortium wins RINL order
A Business Correspondent
Larsen & Toubro Ltd and its international consortium partners
of Paul Wurth Italia and India and India have bagged an EPC package, valued at
over Rs 1,400 crore, for the expansion of Vizag Steel Plant of Rashtriya Ispat
Nigam Ltd. This is the largest single-value EPC order by RINL and was bagged
against stiff international competition from Chinese, Korean and Russian firms.
In line with the National Steel Policy envisaging production of 110 million tpa
of steel in the country by 2019-20, RINL has embarked on a capacity expansion at
Vizag. It had invited bids for installation of a new third blast furnace to
double its capacity of hot metal from 3.2 mtpa to 6.5 mtpa.
L&T will construct the blast furnace - a state-of-the-art 3,800 cu.m. unit with
a capacity of 2.5 million tonnes of hot metal per year. This is the second
biggest blast furnace in India. L&T's construction division, ECC, will execute
the contract in consortium with Paul Wurth Italia within a time-frame of 30
L&T's work includes detailed engineering apart from certain areas of basic
engineering based on the process-engineering being supplied by Paul Wurth. The
indigenous manufacturing and supply of equipment lies in the scope of L&T. Apart
from this, complete site services including civil and structural works and
erection of equipment will be undertaken by L&T, with specialised supervision
provided by Paul Wurth. L&T's contract-value is around Rs 810 crore.
[19 March 2007]