Larsen & Toubro (L&T) on Tuesday announced that its Minerals & Metals (M&M) business vertical has secured a major order to set up a Pellet Plant and a Direct Reduction of Iron (DRI) facility in the Middle East & North Africa (MENA) region. According to a press release, the order value ranges between Rs 5,000 crore and Rs 10,000 crore.
L&T’s M&M vertical offers solutions in the EPC domain across sectors such as mining, minerals processing, industrial products, and metallurgical plants. Its product business provides solutions for industries such as mining, cement, construction, steel, fertilisers, and ports.This reflects M&M’s leadership position in the successful execution of complex iron & steel plant projects in the MENA region. It further demonstrates the unwavering commitment of M&M in delivering steel plant projects conforming to international standards in quality, safety, and on-time completion,” said DK Sen, Executive Committee Member and Advisor to the CMD, L&T.
According to the press release, the order is linked to a significant project previously awarded by the client, a leading steel manufacturer in the MENA region, and aligns with global decarbonisation efforts.