SEPTEMBER 20238TOP STORYTOP STORYL&T SECURES ORDERS WORTH 2,500 CRORE FOR UREA PLANT IN AUSTRALIACOAL INDIA IS DEVELOPING A POLICY TO PROVIDE FINANCIAL SUPPORT TO ASPIRING MOUNTAINEERSThe diversified firm L&T, Perdaman Chemicals & Fertilisers has given it a "significant" contract to construct a 2.3 million tonne urea facility in Australia. According to the firm, when it is finished, this facility will be one of the biggest urea plants in the world and the largest in Australia.L&T described it as "a significant order" without providing the deal's worth. Significant order often denotes an amount between Rs. 1,000 and Rs. 2,500 crore. L&T Group Chairman and Designate Managing Director SN Subrahmanyan stated, "We've adopted a policy to not disclose commercial details of contracts as the value can change by the time of completion."Italian business Saipem & Clough, the Engineering, Procurement, and Construction (EPC) contractor of Indian-owned Perdaman, got the contract.For the 2.30 MT per year urea plant and a 1.3 MT ammonia unit, L&T's Energy Hyrdocarbon contract calls for the production and supply of process and piperack modules. Orders for the project's urea equipment packaging have been received by L&T Heavy Engineering. According to Perdaman Chairman Vikas Rambal, the facility will be built on the Burrup Peninsula in Western Australia and, when complete, will be the largest urea plant in both Australia and the globe. The chairman of Coal India (CIL), PM Prasad, stated that a policy to support future mountaineers financially is being considered. Through video conferencing, Prasad spoke at the 'Everest Summit's opening session from Kolkata. To commemorate the 70th anniversary of the Everest ascent, the event was held at Central Coalfields (CCL) convention complex in Ranchi.Mountaineering, according to Prasad, is not only a demanding endeavour but also an expensive one. "Whether from the government or from our CSR, there should be some money for the purpose. For upcoming mountaineers, we are working on it, Prasad added. Up to 14 climbers who had successfully scaled Mount Everest were honoured during the first session to recognise their accomplishments.The climbers motivated staff members and other stakeholders by sharing their Mount Everest summit experiences. Speaking at the event, Dr. B Veera Reddy, CMD director of CCL, noted that miners and climbers have a lot of characteristics. When they travel 600-700 metres deep, and occasionally almost a kilometre, miners confront many of the same difficulties that mountaineers do, such as high temperatures and humidity, he said.
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