L&T wins $250 million EPC contract for 400MW power plant in Bangladesh

Infrastructure major Larsen & Toubro (L&T) Ltd on Wednesday said it has won a $250 million engineering, procurement, construction (EPC) contract for setting up a 400MW gas-based power plant in Bangladesh. L&T’s scope includes design, detail engineering, supply, installation and commissioning of the complete power plant on a turnkey basis, the company said in a release. The contract might have come as a relief to the company which has faced a scarcity of new orders in the power segment during the current fiscal year. The segment, in fact, contributed just 1% to L&T’s new order inflows in the first six months of the current fiscal year, while accounting for 7% of the company’s revenue during the half year. Eve.....