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Steel Authority of India Ltd Industry :  Steel - Large
BSE Code
500113
ISIN Demat
INE114A01011
Book Value (Rs)
135.5102835
NSE Symbol
SAIL
Divident Yield %
1.07
Market Cap
(Rs In Cr.)
61,917
P/E (TTM)
20.82
EPS (TTM)
7.2
Face Value
(Rs)
10
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Larsen & Toubro secures orders from Steel Authority of India
02-Jan-26   Hrs IST

The Minerals & Metals (M&M) business vertical of L&T has secured major orders from the Steel Authority of India (SAIL) and other customers, for EPC projects and products in the domestic metals sector. According to the company's project classification, the orders valued in the range of Rs 5,000 crore to Rs 10,000 crore.

L&T and SAIL share a long-standing relationship spanning several decades, marked by the successful execution of numerous metallurgical projects across India. This partnership continues to play a pivotal role in advancing India's steel manufacturing ecosystem through innovation, capacity augmentation and sustainable development.

Under its ambitious modernisation and expansion programme, SAIL plans to increase the crude steel capacity of the IISCO Steel Plant at Burnpur, West Bengal, from 2.5 MTPA to 6.5 MTPA. As part of this expansion, M&M has been awarded the complete engineering, procurement and installation package for critical process plants, including the Coke Oven Battery, By-Product Plant, Basic Oxygen Furnace and a specialised equipment package for material handling, which together form the core of the new steel complex.

Simultaneously, SAIL's Bokaro Steel Plant (BSL) in Jharkhand is undergoing a major upstream expansion, for which L&T has been awarded a package to establish Sinter Plant #2, reinforcing its strong presence in the steel sector.

In addition, the M&M business has secured multiple orders for specialised material handling equipment, including Stacker Reclaimers and Wagon Tipplers, from various clients across India, reflecting its capability to deliver technologically advanced and reliable solutions across the minerals and metals value chain.

 

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