Newsletter
Larsen & Toubro has won a major engineering and construction order from Hindustan Zinc, valued between ₹2,500-5,000 cr. The project involves upgrading the zinc smelter at Debari in Rajasthan.
The deets: the contract was given to L&T’s minerals and metals division. They’ll be building a plant that can process 250,000 tonnes of material per year using leaching, purification, and cellhouse methods. It’ll also include a unit that handles 125,000 tonnes per year of jarosite, a by-product.
The facility will make high-purity zinc metal sheets - called cathodes. L&T will take care of everything, from planning and buying equipment to setting it up and running it.
Quick bite: the contract comes right after L&T’s strong first-quarter results. The company reported a 29.9 percent year-on-year jump in net profit to ₹3,617 crore for the June quarter, beating estimates.
