L&T awarded biggest order ever for its Construction and Mining Equipment Businesses

The Construction and Mining Equipment business of Larsen & Toubro, India’s leading engineering, procurement and construction projects, manufacturing, defence and services conglomerate, has secured one of its biggest orders ever to supply 46 units of Komatsu Mining Equipment from Tata Steel.

The order comprises of 41 units of Komatsu HD785-7 (100 Ton Dump Truck), three units of Komatsu WA900-3E0 (9 Cum Wheel Loader) and two units of Komatsu D275A-5R (410HP Crawler Dozer). The scope includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.

Commenting on this order, Mr. S. N. Subrahmanyan, CEO & MD, Larsen & Toubro said “Komatsu’s superior products and L&T’s seamless support over the years, paved the way for securing this prestigious order and we look forward to partnering India’s largest steel producer – Tata Steel, in their growth journey.”

Mr. Arvind K Garg, Executive Vice President & Head – Construction & Mining Machinery Business, L&T, said: “We are delighted to receive this prestigious order from our esteemed client, Tata Steel for their Iron Ore and Coal mines.”

26 of these 46 units will be deployed at Tata Steel’s Iron Ore Mines at Joda, Noamundi and Khondbond in Odisha, while 20 units of Komatsu 100 Ton Dump Trucks will be deployed at Tata Steel’s West Bokaro Coal Mines in Jharkhand.

A pioneer in the Indian Construction & Mining Machinery industry, L&T distributes and supplies state of the art equipment to the infrastructure, mining and irrigation sectors. Its comprehensive range of world-class equipment matches global performance standards. The business is engaged in the distribution and support of equipment such as Hydraulic Excavators, Rear Dump Trucks, Crawler Dozers, Wheel Loaders, Wheel Dozers, Motor Graders, Heavy Tippers, Surface Miners, Skid Steer Loaders etc.

Source: L&T

Hyundai E&C Petropipe

Hyundai E&C bags US$2.8 bln deal from Panama

SEOUL, Feb. 5 (Yonhap) — Hyundai Engineering & Construction Co. said Wednesday that its consortium has clinched a US$2.81 billion deal to build a metro line in Panama.

Under the deal with Metro de Panama S.A., the consortium will build a 25-kilometer-long metro line with 14 stations that will run from Panama City to the capital’s west. The construction is expected to take 54 months, according to the South Korean builder.

It is Hyundai E&C’s first deal in the Central American country.

Hyundai E&C said it has a 51-percent stake in the project while POSCO Engineering & Construction and Hyundai Engineering Co. have 29-percent and 20-percent stakes in the project, respectively.

Source:- https://en.yna.co.kr/view/AEN20200205003300320


Saipem Wins Drilling Contracts Worth $1.7B USD

Saipem has been awarded new contracts and extensions on existing contracts in Onshore Drilling and Offshore Drilling for an overall amount of approximately 1.7 billion USD.

The contracts related to the Onshore Drilling Division encompass 19 land-rigs located in the Middle East, with power between 1500 and 2000 HP, and their duration range from three up to ten years. In addition, new contracts and extensions on other existing contracts have been assigned for new works that will be executed in Bolivia, Perù, and Romania.

The contracts related to the Offshore Drilling Division concern activities to be executed in Norway and in Angola.

Stefano Cao, CEO of Saipem, commented: “The award of these contracts proves the solidity and reliability of the operational performance of our Drilling Divisions and further strengthens Saipem’s long-time presence in strategic areas of the world”.

Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSIGHT, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. 

Source: http://bit.ly/2QqhcyV