L&T Secures (Large*) Order to Reinforce India''s Energy Security Through Coal Gasification
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
L&T Energy Hydrocarbon Onshore has won a large order (valued at ₹2,500-5,000 crore) from Bharat Coal Gasification and Chemicals Ltd (BCGCL), a joint venture of Coal India Ltd and BHEL. The order involves building a Coal-to-Ammonia-Nitrate plant in Odisha with 2,000 tonnes per day production capacity. The scope covers full EPC (engineering, procurement, construction) including design, licensing, commissioning and final handover. The project supports India's goal of achieving 100 million tonnes of coal gasification capacity by 2030 under the Aatmanirbhar Bharat initiative, converting domestic high-ash coal into value-added products like ammonium nitrate.
This large order reinforces L&T's positioning in the growing coal gasification and downstream chemicals EPC space, though the order value represents approximately 1.25-2.5% of L&T's annual revenue, limiting immediate revenue impact. Positive sentiment likely for the stock given the scale and strategic nature of the project.