L&T Receives Rs 345 Crore Order From NPCIL; Stock Down 3.4%
Larsen & Toubro, India’s largest maker of equipment for the nuclear power sector, has announced that it has received an order from the Nuclear Power Corporation of India Ltd (NPCIL).
The scope of the order, which is valued at Rs 345 crore, includes design, manufacture and supply of four steam generators for 700 megawatt electric (MWe) pressurised heavy water reactors.
In an announcement, the company said that the steam generators would be supplied to the Kakrapar Atomic Power project 3 and 4.
These would be one of the largest steam generators constructed in India thus far.
Moreover, this would take the size of the nuclear power project to 700 MWe from the existing 540 MWe.
L&T has played a vital role in the growth of technology and capabilities for the Indian nuclear power plant.
At 2:44 p.m., the company’s stock declined 3.4% at Rs 657 on the Bombay Stock Exchange (BSE). The total volume of shares traded was 463,843. The share price has seen a 52-week high of Rs 1,631 and a low of Rs 557 on BSE.