L&T bags metals and mining orders worth ₹10,000–15,000 crore
Synopsis
Key Takeaways
Larsen & Toubro (L&T) on Monday, 20 July announced that its minerals and metals business vertical has secured multiple domestic orders — including contracts from public sector undertakings — with the combined value falling in the company's 'mega' category of ₹10,000 crore to ₹15,000 crore. The contracts span iron ore handling, steel plant expansion, and zinc processing, reinforcing L&T's position as a leading engineering, procurement and construction (EPC) player in the sector.
Key Contracts Secured
Among the headline wins is a contract from India's largest iron ore producer, a public sector company, for Package BE-01C of an 18 million tonnes per annum (MTPA) Iron Ore Handling Plant in Chhattisgarh. The project is part of a broader expansion plan to scale the producer's iron ore output to 100 MTPA by 2030.
L&T's scope under this contract covers design and engineering, procurement, installation, and commissioning of a downhill conveyor system, screening plant, stockpile yard equipment, a Rapid Wagon Loading System (RWLS), and associated auxiliary facilities.
Separately, L&T has secured an order from a Navratna public sector undertaking for the expansion of a steel plant in West Bengal, raising its production capacity from 2.5 MTPA to 7.1 MTPA — nearly a threefold increase.
Zinc Processing and Non-Ferrous Segment
The company has also won an EPC contract for a zinc processing plant, with scope encompassing design, engineering, procurement, installation, commissioning, and associated site services. The win strengthens L&T's footprint in the non-ferrous metallurgical segment, which has seen rising domestic investment as India looks to reduce import dependence in critical metals.
What the Company Said
L&T Chairman and Managing Director S N Subrahmanyan said the contracts reaffirm the company's leadership in the minerals and metals EPC sector and reflect customers' confidence in its ability to execute projects of significant scale and complexity.
'As India accelerates investments in augmenting its Metals & Minerals capacity to support long-term economic growth, L&T remains committed to partnering with the country's leading enterprises in developing world-class industrial infrastructure,' Subrahmanyan said in a regulatory filing.
Broader Context and What It Signals
This comes amid a sustained push by the Indian government and state-owned enterprises to expand domestic metals and minerals capacity, driven by infrastructure spending targets and a manufacturing-led growth agenda. India's steel demand is projected to grow significantly through the decade, and iron ore capacity expansion at the 100 MTPA scale signals long-cycle capital commitment. Notably, the inclusion of a Navratna PSU steel plant expansion in West Bengal points to public sector capex revival in eastern India — a region that has historically lagged in industrial investment.
With these wins, L&T consolidates its order book in a sector where execution complexity and long gestation periods act as natural barriers to entry, giving established EPC players a durable competitive edge.