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L&T, Mitsubishi Heavy JV inaugurate facilities in Hazira

admin — Wed, 12 Jan 2011 05:37:46 +0000

Larsen & Toubro (L&T) Ltd in joint venture (JV) with Mitsubishi Heavy Industries has inaugurated the country’s first private sector facilities for the manufacture of supercritical boilers and turbine generators in Hazira, Surat.

Supercritical technology for coal-fired power plants is globally recognised as one of the most eco-friendly solutions to power generation. The technology ensures higher fuel efficiency leading to higher plant efficiency. Carbon emissions are reduced by as much as 5%. The L&T-MHI facilities are among the largest of their kind in the world, with a present annual capacity of manufacturing 5,000MW of equipment, to be expanded to 6,000MW by 2012.

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LD Engg beats recession blues with plum jobs!

admin — Tue, 12 Jan 2010 04:00:32 +0000

As many as 90 students have been placed so far in TCS, L&T, Tata Power, Saket Software; Rs 3.5 lakh avg starting salary

The students of L D College of Engineering are beating away the recession blues at the ongoing campus placements. Tata Motors has reportedly hired several students for its Nano plant at Sanand.

So far 90 students have received offer letters in the first phase of the placements that will be on till June. They are being a little choosy, very-well knowing that the meltdown has ebbed away and the markets have opened up.

The average starting salary being offered is Rs 3.5 lakh. Some of the companies that have come seeking talent are Tata Consultancy Services, Larsen & Toubro, Arvind Mills, Zeus Learning, Tata Power and Saket Software.
Tata Motors has hired students for its Nano plant in Sanand
The companies coming next week are Bhilwara, Essar, Gujarat Heavy Chemicals Ltd and Vedant. The placement process was interrupted for 25 days as the students were taking their exams. Those placed are students of mechanical, electrical, electronics and communication and civil engineering disciplines.

Last year, a percentage of the salary package offered to students was rolled back by some companies reeling under recession. “So this year the students are treading more carefully,” a source said. “The market is opening up and therefore the students are being very choosy.

“Though they have good offers on hand, some of them are hoping for the best ones in the coming months. This year, we even have students willing to set up their own enterprise,” says M N Patel, principal, LD College of Engineering.

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China systematically killing Indian manufacturing: L&T

admin — Tue, 12 Jan 2010 03:49:41 +0000

Private sector engineering major Larsen & Toubro has said that China is systematically killing Indian manufacturing sector and sought 25 per cent anti-dumping duty on Chinese goods.

“China has a fixed currency. It is not a market economy like ours. China is systematically killing the Indian manufacturing sector,” L&T chief Naik, who was here for foundation stone laying ceremony of a forgings unit at Hazira told reporters here yesterday.

“There are taxes on goods manufactured locally, but none on imported products (from China). This is an unfair situation for Indian goods. This is why there should be 25 per cent anti-dumping duty on Chinese products,” Naik said.

Speaking specifically about power equipment sector, in which L&T is a major player, Naik said, “The Indian power companies, especially those in the private sector, have placed huge orders for power plant equipment with China. We can say that Chinese power sector is virtually working for India.”

“It is not good that 80 per cent of our dependence for power plant equipment is on one country, and that too China,” he said, adding that China should not be allowed to grow at the cost of Indian companies.

“The day China opens its economy, its prices are bound to go up by 25 per cent,” he said. “But unfortunately we are not taking any steps to stop it,” Naik further said.

L&T’s special steel manufacturing and ultra heavy forgings unit at Hazira is a joint venture with Nuclear Power Corporation of India Ltd (NPCIL), in which L&T holds 74 per cent stake while the latter 26 per cent.

The plant is being set up at an investment of Rs 1,750 crore, and will supply finished forgings for nuclear reactors, pressurisers and steam generators, besides heavy forgings for critical equipment in the hydrocarbon sector, as well as thermal power plants and steel plants. The unit is expected to begin operations between March and May next year.

L&T is also investing over Rs 5,000 crore for setting up facilities to manufacture boilers, turbines, modular fabrications. It is also establishing a ship-building unit and a power plant at its Hazira facility.

“The boiler shop will be opened in March or April this year, which will be followed by the turbine shop in August or so,” Naik said.

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Vadodara to become country’s largest engg hub: L&T

admin — Sat, 03 Jan 2009 16:32:53 +0000

Vadodara: Larsen & Toubro (L&T), which is setting up Knowledge City, wants to develop Vadodara as country’s largest engineering hub. While inaugurating an engineering campus at Waghodia on the outskirts of the city on Friday, L&T’s chairman and managing director AM Naik said that Vadodara will act as headquarters of three out of 18 operating companies of the group, including L&T Power, L&T Hydrocarbon and E-engineering.

“City will have 12,000 to 15,000 engineers by 2020 at a single location,” said Naik, adding that Knowledge City will act as headquarters of the three companies. L&T also wants to set up an engineering college for its employees for which it has already approached state government.
Naik said that former ABB India head Ravi Uppal has already been appointed as CEO and managing director of L&T Power, a 100 percent subsidiary of L&T. “In engineering services, we will create 10,000 new jobs over next four years, of which half will be in Gujarat,” he said, adding, “In hydrocarbon space, it will cater to needs of the upstream, midstream and downstream sectors and in power, design support for complete projects. We expect to generate project exports revenue of over Rs 2,000 crore within five years and generate employment to around 5,000 technical professionals in next five years,” he said. Integrated campus will enable L&T to extend and further develop its existing capabilities in process engineering, product development, mechanical design and analysis, process evaluation and technology adaptation.Apart from that, L&T is also setting up Institute of Project Management to develop project managers across domains of engineering, procurement, construction and manufacturing at ‘Knowledge City’. The campus that presently houses three buildings will see investment worth Rs 500 crore in infrastructure and buildings alone spread over a period of five years. L&T plans to have 11 buildings constructed across 112 acres in first phase which will also house convention centre, employees hostel, residential colony, food courts and entertainment facilities. “We have utilised only part of the capacity and it has potential for expansion ten times over,” said Naik, adding that in next five years, over 2,000 employees will live on the campus.

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