Mumbai: Larsen & Toubro, engineering and construction major has received an order worth about $60 million from a Saudi Arabian firm, Methanol Chemical Company (CHEMANOL) for establishing high-tech plants.

The company said that the Engineering and Procurement (E&P) order comprises establishing high-technology based Methyl Amines and Dimethyl Formamide plants.

UK-based Davy Process Technology has offered the process technology for the 50,000 MTPA Methyl Amines and 60,000 MTPA Dimethyl Formamide plants integrating advance design elements and elaborate environment control measures.

L&T’s work range consists of thorough engineering, project management, procurement of equipment and materials for the plant. It would also provide technological services for plan erection and commissioning.

Chemanol is a private sector enterprise, running petrochemical complex situated in Al Jubail Industry City, fabricating formaldehyde and its derivative products.

As part of its backward integration project, the company is already achieving 700 tonnes per day (TPD) of methanol and 100 TPD of carbon-monoxide plant for Chemanol.

In morning trades, the company’s shares were trading at Rs 3,258, up 3 per cent on the Bombay Stock Exchange (BSE).