Business Daily from THE HINDU group of publications Friday, Dec 15, 2006 ePaper |
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Corporate
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New Business
Our Bureau
Mumbai Dec. 14 Larsen & Toubro Ltd has bagged two contracts, valued at $86 million, from the Chinese petrochemical company Sinopec. L&T has been contracted to design, manufacture and supply three ethylene oxide reactors, each weighing above 1,000 tonnes. The reactors will form part of the methyl ethyl glycol (MEG) unit in a petrochemical plant. Last two years, L&T has supplied to China equipment valued over $300 million, including the world's largest coal gasifier and advanced acronitrile reactors. A company press release said L&T is continuing multiple engagements with the Chinese industry. The company has recently set up a factory for the manufacture of switchgear in Wuxi, Jiangsu and valves in Yangcheng, Jiangsu. It will soon have manufacturing facilities for rubber processing machinery in Jionan, Qingdao. L&T is among the few companies in the world that has been approved by the Chinese Heavy Industry Ministry with SQL certification for supply of critical equipment.
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