Larsen & Toubro has received an order valued over Rs. 20bn from GMR Energy Limited, for setting up a 2 x 384 MW gas based power plant at Vemagiri, near Rajamundry, Andhra Pradesh on a lumpsum turnkey basis. L&T’s scope includes design, detailed engineering, supply, installation and commissioning of the plant on a turnkey basis.

L&T- Sargent and Lundy, a subsidiary of L&T, will carry out the plant integration and detailed engineering, using propriety technology of Sargent & Lundy LLC, USA. L&T will design and manufacture critical equipment for the plant, like heat recovery steam generators, deareators, condensers, cooling towers, switchgear, valves.

The plant will incorporate advanced class gas turbines and high efficiency steam turbines which will be procured by L&T. Construction, installation, commissioning and project management will also be carried out by L&T. The project will be executed on fast track and completed in the 11th plan.

L&T had set up a similar plant of 388.5 MW for the GMR Group at the same location which was commissioned in 2006.

Shares of L&T are trading flat at Rs1636. The stock opened at Rs1620 and made an intra-day high of Rs1638 and a low of Rs1616. Total traded volumes stood at 0.2mn shares