L&T bags order worth Rs 1,635 cr from MPPGCL

MUMBAI: Engineering major Larsen & Toubro (L&T) today said it has bagged an order worth Rs 1,635 crore from Madhya Pradesh Power Generating Company Ltd (MPPGCL) for engineering related works at Shree Singaji (Malwa) thermal power plant.

The scope of work includes designing, engineering, manufacturing of coal handling and ash handling plant at coal fired power plant in Khandwa district of Madhya Pradesh, L&T said in a filing to the Bombay Stock Exchange.

The project is being funded by the state government of MP and Power Finance Corporation (PFC), the filing added.

MPPGCL's 1,200 MW project in MP would be capable of adding 28.80 million units to the grid everyday once it is commissioned.

Shares of Larsen and Toubro were trading at Rs 1,598.30 on the BSE, up 1.43 per cent from its previous close.