1 hr ago
L&T Targets Up to 30% of Global Modularisation Market
Larsen & Toubro wants to become a much bigger company in modularisation.
Modularisation means building large parts of a factory away from the construction site.
These parts are then shipped and assembled at the final location.
L&T believes the worldwide market could be worth $150 billion.
It hopes to win 20-30% of that market within five years.
The company has three yards in Katupalli, Hazira and Oman.
It recently delivered modules for a large urea plant in Australia.
L&T says this method can make projects safer and help solve shortages of construction workers.
Larsen & Toubro is targeting a 20-30% share of the $150-billion global modularisation market within five years.
The company completed fabrication and delivery of modules for Project Ceres, Australia’s largest urea plant, with 2.3 MTPA capacity.
L&T operates modularisation yards at Katupalli, Hazira and Oman, with combined capacity of 200,000 tonnes.
The company sees opportunities in the United States, Canada, Australia and Mozambique, and plans to expand beyond hydrocarbons.
L&T says modularisation can address construction-labour shortages while improving safety, quality oversight and project predictability.
- Who
- Larsen & Toubro, led in the statements by Subramanian Sarma and N Subrahmanyan.
- What
- L&T is targeting a 20-30% share of the global modularisation market within five years and is expanding its modularisation operations.
- Where
- L&T’s modularisation yards are in Katupalli, Tamil Nadu, Hazira, Gujarat and Oman, with opportunities identified in the United States, Canada, Australia and Mozambique.
- When
- The target and Project Ceres update were discussed on Friday; the target period is the next five years.
- Why
- The company says modularisation improves safety, quality oversight and predictability while reducing site complexity and helping address construction-worker shortages.
Key facts
- Global market size
- $150 billion
- L&T target share
- 20-30% within five years
- Current yard capacity
- 200,000 tonnes across three yards
- Modularisation yards
- Katupalli in Tamil Nadu, Hazira in Gujarat and Oman
- Project Ceres capacity
- 2.3 MTPA urea manufacturing plant
- Reported worker shortage
- Approximately 60,000 workers
- Annual training
- Nearly 46,000 people across more than 23 training institutes
Quotes
Subramanian Sarma
L&T deputy managing director and president
“Nobody wants to come to site and tie a reinforcement and shuttering and pour concrete or weld a piece of steel. And therefore, it was inevitable that we start something called modularisation.”
financialexpress.com
“Modularisation is a game changer in the delivery of large and complex energy projects.”
financialexpress.com
Sources
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