India's largest engineering and construction conglomerate, Larsen & Toubro (L&T) and its joint venture partner Japan's Mitsubishi Heavy Industries have secured Rs 1,557-crore order from Andhra Pradesh Power Development Co (APPDCL).

Under the deal, the company would build two supercritical turbines of 800 mw capacity, to be installed at Krishnapatnam power station in Andhra Pradesh

Based on super-critical technology, the proposed contract is country’s first contract which will be developed by a joint venture company christened L&T-MHI Turbine Generator.

L&T has already floated two joint ventures with Mitsubishi for building supercritical turbines, boilers and is in the process of setting up Rs 1,200-crore manufacturing facility at Hazira (Gujarat).

The stock of the company closed today at Rs 2140 on BSE, down 2% compared to previous close of Rs 2183. It touched an intraday high and low of Rs 2225 and Rs 2125 respectively.