L&T bags Rs.1637 crore orders, to add 10,000 jobs despite economic slowdown

The scope of work includes residual process design, detailed engineering, procurement, supply, transportation, storage, fabrication, inspection, construction, installation, testing, mechanical completion, pre-commissioning and commissioning.

"The order for the HGU has been awarded to L&T on a Lump Sum Turnkey basis, affirming customer confidence in L&T's integrated capabilities to execute critical sections of refineries," the company said in a statement.

The HMEL order was bagged by the Chemical Plants Business Unit of L&T's Engineering and Construction Division.

In a separate development, L&T said it plans to enter solar power generation business and expand its offering in the green energy technology business that includes nuclear and hydel power.

The company, which depends on orders to build plants for steel, oil, automobile and power companies among others, said it will hire 10,000 employees in the next 2-3 years, as it starts new units in Chennai and Coimbatore in Tamil Nadu.

"Some of our clients have slowed down. [But] We maintain our projected target of 30-35 percent growth in book order for the fiscal," said A.M. Naik, chairman and managing director of the $7 billion company. The company presently has an order backlog of about Rs.60900 crore from steel, copper and power companies in India and overseas.