L&T secures $1.2 billion Middle East expansion project for metals unit
Deal News | Feb 06, 2025 | Zawya
India’s engineering and construction giant, Larsen & Toubro (L&T), has announced securing a major contract for its Minerals & Metals business unit aimed at setting up a Pellet Plant and a Direct Reduction of Iron (DRI) Plant in the Middle East and North Africa (MENA) region. This initiative aligns with global decarbonization efforts and enhances L&T’s significant footprint in the iron and steel manufacturing sector. The value of the contract ranges between $578.3 million and $1.15 billion. L&T's Mineral & Metals (M&M) unit will manage the entire design-build process encompassing engineering, supply, erection, and construction with cutting-edge technology. The company’s vast experience in constructing landmark steel plants globally underscores its expertise, as affirmed by D K Sen, a key executive at L&T, in delivering international-standard projects within budget and schedule. The Minerals & Metals vertical focuses on providing end-to-end EPC solutions across various sectors including mining, industrial products, and metallurgical plants. This new project is part of L&T's commitment to delivering quality and timely completion of steel plant projects in the MENA region.
Sectors
- Engineering and Construction
- Metals and Mining
- Energy and Decarbonization
Geography
- Middle East and North Africa (MENA) – The location of the project where L&T is setting up the Pellet Plant and DRI Plant.
- India – Home country of Larsen & Toubro, the company undertaking the project.
Industry
- Engineering and Construction – The article involves Larsen & Toubro, a leading engineering and construction conglomerate, which has secured a contract to build metal manufacturing facilities.
- Metals and Mining – The project involves setting up a Pellet Plant and a Direct Reduction of Iron (DRI) Plant, key facilities in the metals production process.
- Energy and Decarbonization – The project supports global decarbonization efforts, crucial for reducing carbon emissions in the industrial sector.
Financials
- $578.3 million to $1.15 billion – The value range of the contract secured by L&T in MENA.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Larsen & Toubro (L&T) | Bidding Company | Company | A leading engineering and construction conglomerate from India responsible for the project execution. |
| D K Sen | Executive Committee Member and Advisor to the CMD | Person | L&T's executive providing statements about the project. |