L&T bags Rs 2,500-crore coal-to-ammonium nitrate plant order in Odisha
BCGCL is a joint venture between Coal India Ltd and Bharat Heavy Electricals Ltd (BHEL).
BCGCL is a joint venture between Coal India Ltd and Bharat Heavy Electricals Ltd (BHEL).
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
On Nifty, the Adani Ports emerged as the top gainer rising 4.52%, Larsen & Toubro gained 4.02%, Hindalco Industries climbed 3.60 %, NTPC rose 3.35% and Reliance Industries by 3.30%.
The venture has been announced under the India AI Mission and will help build a sovereign, scalable GW-scale NVIDIA AI factory infrastructure to strengthen India’s position as a global Artificial Intelligence powerhouse.
The BSE 150 Midcap index inched up by 0.10%, while the BSE 250 Smallcap index slipped 0.19%.
The engineering and construction company did not provide the exact value of the contract, but as per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore.
The consolidated order book of the group stood at Rs 3,05,083 crore as on June 30, 2020, with international order book constituting 24 per cent of the total.
L&T takes pride on being at the forefront of creating projects and products, some of the largest, biggest, and longest in the world all made in India, it said.
The orders fall under "significant" category which ranges between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts.
The WAN Awards showcase the best international design in current and future projects, and the award ceremony is likely to be held in July.
