L&T bags Rs 1,449 cr order from DB Power

MUMBAI: Engineering and construction major Larsen & Toubro (L&T) on Tuesday said it has received order worth Rs 1,449 crore from DB Power for the Bhaskar Group company's Chhattisgarh project.

L&T will execute the balance of plant (BOP) package for DB Power's 2x600 mega watt thermal power plant in Chhattisgarh, the company said in a filing to the Bombay Stock Exchange.

The Balance of Plant is the sum of all equipment for safe operation as well as the technical coordination of all concerned parts of a power plant.

The total time period for completion of the project is 31 months, which was received following the international competitive bidding which involved also domestic bidders, it added.

The company will design, engineer, supply, erect and commission the BOP equipment and systems on an engineering, procurement and construction (EPC) basis.

Shares of the company were trading at Rs 2,023.95, up 0.54 per cent from the previous close on the Bombay Stock Exchange.