L&T Secures Major Expansion Project for Steel Producer in MENA Region

Mumbai, February 4, 2025 – Larsen & Toubro Limited (L&T) (BSE: 500510 | NSE: LT) has announced that its Minerals & Metals (M&M) business vertical will execute a major expansion project for a leading steel producer in the Middle East & North Africa (MENA) region. The project involves the construction of a Pellet Plant and a Direct Reduction of Iron (DRI) Plant, reinforcing L&T’s leadership in the global iron and steel manufacturing sector.

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Key Project Highlights​

• Project Scope:
  
  • Engineering, procurement, and construction (EPC) for Pellet and DRI plants
  • Involves design, supply, erection, and construction
  • Utilizes globally acclaimed technologies
• Strategic Importance:
  
  • Part of a broader decarbonization initiative in the steel industry
  • Reinforces L&T’s expertise in complex steel plant execution
• Project Value:
  
  • Classified as "Major" under L&T’s project categorization, valued between ₹5,000 Cr to ₹10,000 Cr.

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Management Commentary​

Mr. D K Sen, Executive Committee Member and Advisor to the CMD, L&T, emphasized that this order strengthens L&T’s track record in the successful execution of complex iron & steel projects in MENA.

“This reflects M&M’s leadership position and demonstrates our commitment to delivering high-quality, safe, and timely steel plant projects that meet international standards.”

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L&T’s Minerals & Metals Vertical: Strength in EPC & Industrial Solutions​

L&T’s M&M business provides end-to-end EPC solutions across multiple industrial sectors, including:

• Mining, minerals processing, and metallurgical plants
• Industrial products for cement, construction, steel, fertilizers, and ports

With an annual revenue of $27 billion, L&T remains a dominant force in the EPC projects, hi-tech manufacturing, and services sectors, sustaining its market leadership for over eight decades.

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Strategic Outlook​

The new Pellet and DRI plants position L&T at the forefront of industrial decarbonization, aligning with the global steel sector’s sustainability goals. Given its expertise and consistent execution of large-scale projects, L&T is well-placed to capitalize on upcoming infrastructure and industrial developments in MENA and beyond.