L&T opens new production facility in Saudi Arabia

17 May 2024 , 11:43 AM

Larsen & Toubro said on Thursday that its wholly owned arm, L&T Valves Ltd, has established a new production facility in Saudi Arabia. The plant is conveniently placed in Al Jubail, just off the Dammam-Abu Hadriyah Highway.

L&T Valves is one of Saudi Arabia’s major suppliers of on-off valves, according to the company’s filing with the bourses.

“The new plant will greatly improve our local production capabilities, in accordance with Saudi Vision 2030. It would bolster L&T’s collaboration with Saudi Arabia,” said Anil V Parab, Whole-time Director and Senior Executive Vice President of Heavy Engineering and L&T Valves.

The facility will meet the increasing demand in the Middle East and Africa.

Larsen & Toubro is a 27 billion-dollar Indian multinational corporation that specialises in engineering, procurement, and construction (EPC) projects, high-tech manufacturing, and services across several regions.

At around 10.43 AM, Larsen & Toubro was trading 0.84% lower at ₹3,431.50 per piece, against the previous close of ₹3,460.60 on NSE. The counter touched an intraday high and low of ₹3,475.95, and ₹3,412.15, respectively.

L&T valves are well-known for producing high-quality valves for key industries such as oil and gas, power, petrochemicals, chemicals, water, defence, and aerospace. They can meet the needs of customers all over the world thanks to their global presence.

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