Rashtriya Chemicals awards ₹797 crore ammonia revamp to L&T
In short
Rashtriya Chemicals and Fertilizers gave Larsen & Toubro a ₹797 crore order to revamp an ammonia plant. The source does not say when the work will finish or what the upgrade will change.
This matters because it is a big project for both companies. The available reporting also says RCF shares ended at ₹109, up ₹0.60, or 0.55%, on the BSE.
What the reporting says
Rashtriya Chemicals and Fertilizers awarded a ₹797 crore order to Larsen & Toubro for an ammonia plant revamp, according to the headline and supplied reporting. The available source here does not give the project timeline, financing terms, or expected output gains. The immediate consequence is a large engineering contract for L&T and a capex-linked project for the fertilizer maker, while the market reaction was only a modest share gain.
Why it matters
Rashtriya Chemicals and Fertilizers awarded Larsen & Toubro a ₹797 crore order for an ammonia plant revamp, creating a major project for the engineering contractor and a significant capital work item for the fertilizer company. The source also says RCF shares closed at ₹109, up 0.55% on the BSE. The reporting does not state the execution schedule, business rationale, or project outcome.