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L&T Construction has secured mega contracts (> Rs 7,000 crore) for its minerals and metals business. The company secured various orders in the iron & steel and beneficiation sectors from ArcelorMittal Nippon Steel India (AM/NS India) a joint venture between the two global steel giants to carry out their expansion plans in Gujarat and Odisha. two blast furnaces of 3.5 MTPA capacity each will be Installed on an EPC basis at their Hazira Plant in Gujarat. In the same complex, M&M will carry out the installation of a steel melt shop of 6 MTPA capacity with detailed design and engineering for the entire plant, supply of identified items and complete construction and building a 6 MTPA Ore beneficiation plant at Sagasahi in Odisha on an EPC basis
The order inflow momentum looks set to continue with a strong Rs 6.3 trillion-prospects pipeline with better conversion ratio. In H1FY23 L&T announced order inflows of ~Rs 93,719 crore and retained its 12-15% order inflow growth and revenue guidance for FY23E
Positive