L&T Technology awarded multi-million dollar EPCM project in Europe

L&T Technology Services Limited won a multi-million-dollar project from one of the world’s top plastics, chemicals and refining manufacturers, to deliver the entire spectrum of Engineering, Procurement and Construction Management (EPCM) services for the expansion of an existing site in Europe.

With over a decade of engineering, manufacturing and construction expertise, LTTS helps customers achieve operational excellence and maximize efficiencies by delivering a complete Engineering, Procurement & Construction Management services package. 

The expansion project will be implemented at the customer’s brownfield plant in Germany for over 30 months. As the strategic engineering partner, LTTS will play a key role in executing the entire project through an EPCM model, from procurement and supply chain management support to safety aspects and efficient design, the company said in the press note.

The project execution from LTTS will help the customer deliver quality products to end customers and expand its reach to meet the growing demands of the global chemical and polymers market, the company said.

Amit Chadha, President, Sales & Business Development and Board Member at L&T Technology Services said, “As the leading services provider to the Process Industry, LTTS carries with its impeccable credentials. With 7 of the top 10 customers in the Process Industry and a demonstrated track record in end-to-end EPCM and manufacturing expertise, this deal win from an industry leader is a reaffirmation of LTTS' strong position in Plant Engineering. LTTS has already carried out successful brownfield projects in the USA and we are privileged to extend our engagement with an important customer to the European markets.”

Stock view:

L&T Technology Services Ltd is currently trading at Rs1,476.05, up by Rs6.7 or 0.46% from its previous closing of Rs1,469.35 on the BSE.

The scrip opened at Rs1,471.50 and has touched a high and low of Rs1,497.80 and Rs1,469 respectively

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