LARSEN & TOUBRO LAUNCHES US$13 MLN CONCRETE PLANT IN DUBAI. Feb 2006

MUMBAI, Feb 6 Asia Pulse - Larsen & Toubro (BSE:500510) on Monday said it has set up a Rs 576 million (US$13 million) ready-mix concrete plant with a capacity of 240 cubic metres per hour in Jebel Ali at Dubai.

The plant would be operated by ECC, the company's construction division and would meet the growing demand for ready-mix concrete in the UAE, L&T informed the BSE.

Commenting on the development, Larsen & Toubro, Head (Construction) and member of the Board K V Rangaswami said, "With its increasing focus on the construction market in the Gulf, the company can leverage the many advantages that L&T concrete offers and supply this product for its own projects as well as to other contractors."

L&T plans to expand the total number of plants in India to 150 by the year 2009-10 and proposes to expand its operations in other emirates specifically Abu Dhabi and Ras Al Khaimah and also Sohar and Muscat in Oman.

Back home, the company manufactures and supplies about three million cubic metres of concrete per annum through 60 plants spread across the country.

These plant operations are supported by a fleet of 500 transit mixers, six mobile concrete pumps and 100 static concrete pumps, it added.