L&T sets up Rs58 crore concrete plant in Dubai

Mumbai: Larsen & Toubro Ltd (L&T) has set up a Rs58 crore (Dh48 million) ready mix concrete (RMC) plant with a capacity of 240 cubic metres per hour in Jebel Ali, Dubai.

The plant will be operated by ECC, the company's construction division and will meet the growing demand for ready-mix concrete in the UAE, the company informed the Bombay Stock Exchange in a filing.

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

A fleet of 500 transit mixers, six mobile concrete pumps and 100 static concrete pumps supports operations of these plants. The company enjoys 28 per cent market share.

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

"I am confident that L&T will establish itself as a major force in this segment in Dubai and soon spread its wings to other parts of UAE as well as other countries in the Gulf region. 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," said K V Rangaswami, head of construction division and member of the board.