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1. voda 2 december 2022 06:53

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   LKAB Inks Pact with Kiruna Wagon for Iron Ore Wagons
   
   Strategic Research Institute
   Published on :
   2 Dec, 2022, 4:30 am
   
   Kiruna Wagon has signed a contract with LKAB for the production of 100 new ore wagons and for the refurbishment and restoration of 92 existing wagons. The project involves both an expansion of the mining company's entire wagon fleet and the modernisation of existing wagons for continued use.
   
   Since the start of construction of the F050 Bottom Dumper wagon for LKAB in 2005, Kiruna Wagon has produced over 1200 wagons. At first in cooperation with the company Kockums Industrier, but since about ten years as a sole operator. LKAB is now adding 100 new wagons to its fleet for the transport of iron ore pellets, and once more, Kiruna Wagon has been entrusted with this task.
   
   In addition to this new production, 92 Uadk and Uadk RF Bottom Dumpers will also undergo refurbishment and restoration for continued operation for many years to come. The 92 wagons are currently in various states of repair, but by the time the project is completed they will all have modern stiffened cargo baskets and bottom hatches fitted with stainless steel sliding doors. This ensures smooth unloading of raw material consisting of moist, fine-grained ore sludge, with stainless steel plate surfaces providing less risk of sludge getting stuck during the discharge.
   
   For almost two decades, wagon projects of this scale have made it possible for Kiruna Wagon to develop its products and expertise.

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2. voda 5 december 2022 07:07

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   Ann Joo Resources Swings to Red in Jul-Sept’22 Quarter
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:44 am
   
   Malaysian steelmaker Ann Joo Resources has posted a net loss of MYR 133.71 million (USD 30.32 million) for July-September 2022 quarter, as compared to a net profit of MYR 69.08 million in the corresponding period of 2021. Ann Joo Resources’s sales revenues in the given quarter totaled MYR 760.78 million, up by 88% YoY. Ann Joo Resources said “The global steel market is on the verge of a downturn amid extraordinarily high levels of uncertainty brought on by China’s steel demand deceleration, raw material price volatility, ongoing supply chain disruptions and prolonged geopolitical tensions. High energy prices and rising interest rates also lead to a slackening in steel-consuming sectors, which in turn contributes to steel price weakness.”
   
   Ann Joo Resource recorded a net loss of MYR 66.69 million for the first nine months of 2022, compared to a net profit of MYR 226.39 million in the first nine months of 2021. Ann Joo Resources’s sales revenues in the given period totaled MYR 2.24 billion, up by 35% YoY
   
   Ann Joo Resources stated that domestic steel demand is expected to remain weak on a lack of mega infrastructure projects. To offset the weak demand in the local market, the company stated that it will continue to emphasize exports to regional markets-
   
   Ann Joo Resources Berhad, listed on the Main Market of Bursa Malaysia Securities Bhd since 26 November 1996, is an investment holding company. The Group is primarily engaged in the manufacturing and trading of steel and steel related products. The Group, through its steel-making plant and rolling mills, focuses on the production of steel product ranging from billets, bars to wire rods serving mainly the construction and engineering sectors.
3. voda 5 december 2022 07:08

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   Thailand Imposes AD Duty on Cold Rolled Stainless Steel
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:44 am
   
   Thailand's Committee of Dumping and Subsidy has imposed antidumping duty on cold rolled stainless steel imported from Malaysia and Indonesia. The final antidumping duties are
   
   15.23% - Malaysian Bahru Stainless
   
   35.25% - Other Malaysian companies
   
   6.28% - Indonesian Imr Arc Steel
   
   7.02% - Indonesian Ruipu Nickel & Chrome Alloy
   
   51.69% - Other Indonesian companies
   
   The given products have thickness in a range of 0.3-3 mm and width up to 1,320 mm.
   
   The products in question are classified under the HS codes 7219.32.00.020, 7219.32.00.030, 7219.32.00.040, 7219.32.00.080, 7219.32.00.090, 7219.33.00.020, 7219.33.00.030, 7219.33.00.040, 7219.33.00.080, 7219.33.00.090, 7219.34.00.020, 7219.34.00.030, 7219.34.00.040, 7219.34.00.080, 7219.34.00.090, 7219.35.00.020, 7219.35.00.030, 7219.35.00.040, 7219.35.00.080, 7219.35.00.090, 7219.90.00.000, 7220.20.10.020, 7220.20.10.030, 7220.20.10.040, 7220.20.10.080, 7220.20.10.090, 7220.20.90.020, 7220.20.90.030, 7220.20.90.040, 7220.20.90.080, 7220.20.90.090, 7220.90.10.000, and 7220.90.90.000
4. voda 5 december 2022 07:08

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   SIJ Drops Plans for Commercial Paper Issue in December
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:45 am
   
   SeeNews reported that Slovenian steel producer Slovenska Industrija Jekla has dropped plans for the issue one-year commercial paper in the amount of up to EUR 15 million in the first half of December. SIJ said in a filing with the Ljubljana Stock Exchange "Given the record-high business results, high financial liquidity and available alternative sources of financing, the planned issuance of commercial paper would mean a departure from the optimal financing price that the SIJ Group is ready to accept. SIJ will continue to monitor market conditions on the capital markets in the future and, if conditions are favourable, continue with the trend of regular issuance of debt securities.”
   
   SIJ plans to repay its EUR 30 million one-year commercial papers maturing on 9 December without refinancing, but intends to maintain its presence on the Slovenian capital market where it placed a total of 12 debt securities in the last ten years
   
   Last month, SIJ invited investors to subscribe for the issue of one-year commercial paper in the amount of up to EUR 15 million at a fixed annual interest rate of 4%
   
   The SIJ Group is the largest vertically integrated metallurgical group in Slovenia, occupying with its products leading positions on European and global niche steel markets.
   
   Slovenska Industrija Jekla, with its main base in Jesenice in the Gorenjska region, is the largest Slovenian steel producer and ranks among the top positions in the European and world niche steel markets. The group has 22 affiliated companies in Europe and the USA, and employs around 3,150 people in Slovenia. SIJ is owned by the Russian Koks group.
5. voda 5 december 2022 07:09

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   Republic Steel EPA Settlement Needs Reduction of Lead Emissions
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:45 am
   
   The Department of Justice and the Environmental Protection Agency announced a proposed Clean Air Act settlement with Republic Steel, a steel manufacturer in Canton in Ohio, which will require the company to reduce its facility’s lead emissions that have caused airborne lead levels in the surrounding area to exceed the National Ambient Air Quality Standards for Lead. The settlement terms are included in a proposed consent decree filed with the US District Court for the Northern District of Ohio. In addition to securing air pollution reductions, the settlement requires Republic Steel to pay a USD 990,000 civil penalty.
   
   The United States’ complaint, filed simultaneously with the consent decree, alleges that Republic Steel is operating in violation of its Clean Air Act permit for failing to conduct emissions tests and for exceeding lead emission limits. Under the consent decree, Republic Steel will install and operate new control technologies at its Flexcast Vacuum Tank Degasser and associated cooling tower to reduce lead emissions from the facility. EPA estimates that the new controls will result in the reduction of over 1,000 pounds of lead emissions per year.
   
   Exposure to lead pollution can affect almost every organ and system in the human body. It is especially harmful to young children, as they are most susceptible to some adverse effects of lead. This is of significance here, as there is a residential community with three schools within a one-mile radius of the Republic Steel facility. Additionally, this is an area with environmental justice concerns.
   
   Republic Steel is an American steel manufacturer that was once the country's third largest steel producer. It was founded as the Republic Iron and Steel Company in Youngstown, Ohio in 1899. After rising to prominence during the early 20th Century, Republic suffered heavy economic losses and was eventually bought out before re-emerging in the early 2000s as a subsidiary. The company currently manufactures Special Bar Quality steel bars and employs around 2,000 people. It is currently owned by Grupo Simec, based in Guadalajara, Mexico.
6. voda 5 december 2022 07:10

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   ACHD Fines US Steel for Clairton Coke Works Pollution
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:46 am
   
   The Allegheny County Health Department has issued USD 458,225 in stipulated penalties against US Steel for Article XXI Air Pollution Control violations, and as calculated in accordance with the 2019 Settlement Agreement and Order, that occurred at the Clairton Coke Works during the first quarter of 2022.
   
   ACHD said “Pursuant to the Department s agreement that was reached with US Steel in June of 2019, 90% of penalties (USD 412,402) will be paid to the Community Benefit Trust for impacted communities while the remaining 10% (USD 45,822) will be paid to the Clean Air Fund.”
   
   In March 2022, ACHD issued USD 859,300 in stipulated penalties against US Steel for violations that occurred at the Clairton Coke Works during the last three quarters of 2021.
7. voda 5 december 2022 07:10

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   US Starts AD Duty & CVD Review on Wire Rods
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:46 am
   
   The US International Trade Commission has instituted reviews on 1 December 2022 to determine whether revocation of the countervailing duty orders on carbon and certain alloy steel wire rod from Italy and Turkey and the antidumping duty orders on wire rod from Belarus, Italy, Russia, South Africa, South Korea, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom would be likely to lead to continuation or recurrence of material injury.
   
   Pursuant to the Act, interested parties are requested to respond to this notice by submitting the information specified below to the Commission. To be assured of consideration, the deadline for responses is 3 January. 2023. Comments on the adequacy of responses maybe filed with the Commission by 9 February 2023.
   
   US Department of Commerce had issued antidumping duty orders on imports of wire rod from Belarus, Russia and United Arab Emirates in January 2018. On 14 March 2018, Commerce issued antidumping duty orders on imports of wire rod from South Africa and Ukraine. On 7 May 2018, Commerce issued countervailing duty orders on imports of wire rod from Italy and Turkey and antidumping duty7 orders on imports of wire rod from Italy, South Korea, Spain, Turkey, and the United Kingdom
   
   The Commission is conducting reviews to determine whether revocation of the orders would be likely to lead to continuation or recurrence of material injury to the domestic industry within a reasonably foreseeable time. The Subject Countries in these renews are Belarus, Italy, Russia, South Africa, South Korea, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom.
8. voda 5 december 2022 07:11

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   DGTR Extends Response Time in Chinese Stainless Steel Import Case
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:47 am
   
   India’s Directorate General of Trade Remedies has provided additional time to file Questionnaire responses & comments in sunset review anti-subsidy investigation concerning Certain Hot Rolled and Cold Rolled Flat products of Stainless Steel from China. DGTR said “The Hon'ble High Court of Gujarat, in the matter of Registries Ltd vs Union of India, vide its order dated 02.09.2022 has quashed the customs notification dated 01.02.2022, and has directed the EXSTR to proceed with the sunset review and complete the said investigation. In view of the above development, the Authority has decided to grant fresh opportunity to all the interested parties to file the questionnaire response & comments by 22nd December 2022.”
   
   DGTR added “It is strictly advised that all the interested producers / exporters / importers / users may file their response within the stipulated time as extended above. Since, the investigation is time bound and second chance is being provided for cooperation/ participation, therefore, no further request for extension of time would be considered by the Authority.”
   
   DGTR initiated Sunset Review anti-subsidy investigation concerning Certain Hot Rolled and Cold Rolled Flat products of Stainless Steel from China. During the pendency of the said sunset review, Customs Notification No 1/2022 issued by the Ministry of Finance on 1st February 2022, rescinded the countervailing duty on the subject product.
9. voda 5 december 2022 07:11

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   Ukraine’s Iron Ore & Steel Exports Hit after Russian Invasion
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:48 am
   
   Ukrainian Shipping Magazine reported that with only Danube ports continuing to operate for the shipment of metallurgical products, Ukraine is losing USD 420 million every month because it cannot produce and export during this period 1.3 million tonnes of iron ore, 151,000 tonnes of pig iron, 192,000 tonnes of semi-finished products and 218,000 tonnes of finished metal products.
   
   At the same time, due to the small capacity of the Danube ports, it is impossible to solve the existing logistical problems.
   
   Ukrainian exporters from the metallurgical industry were forced to redirect cargo flows to EU seaports, in particular to Constan?a in Romania, Burgas in Bulgaria, Gdynia, Gdansk, Szczecin & Swinoujscie in Poland, Rijeka & Ploce in Croatia, Hamburg, Bremerhaven & Bremen in Germany. Because of this, the average distance to the port of departure increased fivefold, and the cost of delivery to the port of destination increased by an average of three to four times.
   
   In turn, EU seaports do not have free capacity to handle all Ukrainian cargo, so railway wagons stand in queues at Ukraine’s borders with the EU. Even now, 60% of metallurgical products from Ukraine are delivered to final consumers by sea transport.
10. voda 5 december 2022 07:13

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    President to Order Striking South Korean Trucker to Return to-Work
    
    Strategic Research Institute
    Published on :
    5 Dec, 2022, 5:48 am
    
    South Korean President Mr Yoon Suk Yeol has instructed officials to prepare to immediately extend a return-to-work order for striking cargo truck drivers in other industries such as oil and steel as trucker’s walkout in those fields are feared to cause additional damage to the economy. He also called on officials to secure substitute drivers and utilize military personnel and vehicles to minimize the strike’s impact on the related industries.
    
    Mr Yoon reiterated his stern stance on what calls an “illegal strike,” saying that not only the current collective refusal to transport but also the acts of disrupting, threatening or retaliating against transporting drivers amount to crimes. He ordered the ministers to mobilize every administrative force available to track those involved in the strike and take swift and stern measures against them.
    
    The president’s instruction came days after a government order was invoked for cement truckers to immediately return to work.
    
    The Cargo Truckers Solidarity launched the walkout 12 days ago demanding both an extension of and expansion of the Safe Trucking Freight System, a minimum wage guarantee which is set to expire at the end of the year.
11. voda 5 december 2022 07:25

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    Jindal Shadeed Plans Green Steel Plant at Duqm in Oman
    
    Strategic Research Institute
    Published on :
    5 Dec, 2022, 5:49 am
    
    Jindal Steel Power Limited’s Oman based Jindal Shaded will invest more than USD 3 billion to develop a green steel project in Special Economic Zone at Duqm SEZAD in Oman. Jindal Shadeed CEO Mr Harssha Shetty said “We have already obtained the necessary approvals to secure land for our green hydrogen ready steel project. Company’s goal is to produce more than 5 million tonnes of green steel on an annual basis. The project is being built on an area of approximately 2 square kilometers in the concession zone at the Port of Duqm. The plant will supply high quality steel products to automobile, wind energy and consumer durables sectors among others.”
    
    Mr Shetty added “There is a booming demand for green steel from ESG (environmental, social and governance) conscious customers around the world, especially in Europe and Asia, who have already committed significant reduction in Scope 3 emissions by 2030.”.
    
    Jindal Shadeed also signed an MoU with the centralised utility provider, Marafiq, to provide the plant with the utilities necessary to operate the project such as water services, seawater for cooling purposes, and other Marafiq services.
12. fmfmfmfmfm 5 december 2022 10:14

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    Kan al 2 dagen niet short gaan op AM bij de Giro (zogenaamd technisch probleem) heeft iedereen dat?
13. voda 6 december 2022 07:38

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    No Impetus Seen in Global Shipbreaking Markets
    
    Strategic Research Institute
    Published on :
    6 Dec, 2022, 5:32 am
    
    World’s leading buyer of old ships for recycling GMS said “Recycling markets are ambling towards the end of the year without any real impetus, ability, aggression, or even an apparent willingness to engage in discussions to buy, so volatile has the situation been over the last 2 quarters. Prices have of course come off by about USD 200 per LDT in the sub-continent markets since the stunning peaks witnessed over USD 700 per LDT just earlier this year, for reference, on a standard Capesize Bulker, that is over USD 4 million lost on the residual value alone.”
    
    GMS said “Bangladesh still remains largely absent on the buying front with a majority of Buyers unable to get central bank financing to open fresh Letters of Credit. There is also talk of the shortage of US Dollars in the country easing once they can agree to an IMF loan, but we are unlikely to see any clarity on this until early next year at best. As such, Chattogram seems like it would be unavailable for the remainder of this year.”
    
    GMS also said “After the collapse of the currency and the government, Pakistan has yet to fully find their feet again and most End Buyers are extremely tentative and reticent in their offerings, leaving the market mostly a nonevent.”
    
    GMS added “This really leaves only India as a viable sub-continent destination, which itself has endured turbulent times as the currency has once again depreciated into the high INR 81 against the US Dollar, while local steel prices gained ground after last week’s volatile plummet, especially after the recent reduction in export duties on steel products.”
    
    GMS said “Turkey on the far end remains lost, with levels of its own having plummeted about USD 250 per MT and fundamentals still hampering any sort of recovery, amidst a pinching shortage of any tonnage. It is therefore likely to be a bleak and muted end to the year, with some desperately needed stability on currencies, finance limits and steel plate prices, in order to bring nervous end buyers back to the table.”
    
    GMS demo rankings – India/Pakistan/Bangladesh – Week48 unchanged
    
    Dry Bulk – USD 500-520 per LDT
    
    Tankers – USD 510-530 per LDT
    
    Containers - USD 520-540 per LDT
14. voda 6 december 2022 07:39

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    US Steel Production Capacity Utilization Stays at 73% in W48
    
    Strategic Research Institute
    Published on :
    6 Dec, 2022, 5:33 am
    
    American Iron & Steel Institute reported that in the week ending on 3 December 2022, US’s domestic raw steel production was 1.630 million net tons while the capability utilization rate was 73.1%. Production was 1.801 million net tons in the week ending 3 December 2021 while the capability utilization then was 81.6%. The current week production represents a 9.5% decrease from the same period in the previous year. Production for the week ending 3 December 2022 is up 0.3% from the previous week ending 26 November 2022 when production was 1.625 million net tons and the rate of capability utilization was 72.8%
    
    Southern: 684 KNT
    
    Great Lakes: 541 KNT
    
    Midwest: 196 KNT
    
    North East: 139 KNT
    
    Western: 70 KNT
    
    Adjusted year-to-date+ production through 3 December 2022 was 82.729 million net tons, at a capability utilization rate of 78.3%. That is down 5.5% from the 87.505 million net tons during the same period last year, when the capability utilization rate was 81.3%
15. voda 6 december 2022 07:39

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    Mestron to Supply Lighting Poles to Tamaco Pole in Singapore
    
    Strategic Research Institute
    Published on :
    6 Dec, 2022, 5:33 am
    
    The Edge Markets reported that Malaysian pole maker Mestron Holdings has secured an order of SGD 3.2 million from Tamaco Pole Manufacturing, marking its biggest order this year from a single client. The order is equivalent to about 22% of the group's revenue for 2021 and raises Mestron's total order book size to MYR 63 million.
    
    Tamaco Pole is involved in the supply of lighting steel pole-related business and consultancy advisory services with over 40 years of experience in the industry.
16. voda 6 december 2022 07:40

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    Tata Steel Meramandali Launches Robots at Wagon Tippler
    
    Strategic Research Institute
    Published on :
    6 Dec, 2022, 5:34 am
    
    Tata Steel Meramandali in Dhenkanal district of Odisha has introduced model wagon tippler with the use of state-of-the-art robots at its Raw Material Handling Systems operations on 23 November 2022 to eliminate man-machine interface during the unloading of wagons. With this new system, the entire unloading and tippling operations have now been automated. This has eliminated the human-machine interface hence ensuring safety and contributing to enhanced productivity.
    
    The rake tippling operations at RMHS of the steel plant involve critical activities that include decoupling, rotation, alignment and coupling of the wagons at both the inhaul and outhaul side. This is followed by wagon cleaning in the end.
    
    The newly installed systems include automatic drop gates with laser curtains, robotic decoupling and coupling operation, smart access control inside tippler complex, wagon cleaning system and automatic side arm charger operation resulting in significant reduction of high risk activities. This system is also supplemented by a uniquely designed smart fencing system with automated gate locking facility for restricting unauthorised entry during equipment operation.
17. voda 6 december 2022 07:40

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    AMNS India Ropes Creativeland Asia & iProspect for Reimagineering
    
    Strategic Research Institute
    Published on :
    6 Dec, 2022, 5:34 am
    
    AM/NS India has appointed Creativeland Asia to conceptualize and roll out its first 360-degree brand campaign. Additionally, Dentsu iProspect has been mandated with the responsibility of the media planning, buying, and 360-degree dissemination of the campaign. AM/NS India’s Corporate Communications Head Mr Bibek Chattopadhyay said “Reimagineering India puts forth our ambitions for the market we serve. It is essential to the concept and reflects our brand philosophy, Smarter Steels, Brighter Futures.”
    
    The word, Reimagineering, is a fusion of reimagination and engineering - two key levers that will shape India's growth and development over the next several decades.
    
    With the 360-degree campaign, entailing multiple media formats, the company has unveiled a dynamic, thoughtful, and global architecture that elevates the brand presentation. To narrate the story of how AM/NS India is Reimagineering the world, the film highlights the brand promise of brighter futures, with smarter steels, for people from all walks of life. Creativeland Asia also wrote a lilting, folksy song that accompanies the film, to remind the audience about the aspirations they harbor in their hearts.
18. voda 6 december 2022 07:41

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    Daye Special Steel Bags Schaeffler’s Sustainability Award in China
    
    Strategic Research Institute
    Published on :
    6 Dec, 2022, 5:35 am
    
    Schaeffler Greater China Supplier Day 2022 was launched last week at Taicang of Jiangsu province of China and CITIC Pacific Special Steel’s Daye Special Steel was conferred the "Sustainability" Award as Best Supplier of Schaeffler. This aligns to Schaeffer’s development strategy in promoting its special steel supply chain towards green, low-carbon and sustainability growth.
    
    Schaeffler is a global leader in the production of rolling element bearings for automotive, aerospace and industrial uses. CITIC Pacific Special Steel and Schaeffler have worked together for more than 20 years which also highlights strategic cooperation.
    
    At the start of this year, the two parties officially launched the strategic partnership on low-carbon sustainable development of green steel projects to jointly promote green and low-carbon new technologies and products to tackle global climate change.
    
    CITIC Pacific Special Steel has always been proactive on promoting social sustainable development and meeting the needs of customers. To fulfill its corporate social responsibilities, it implements comprehensive green strategy, focuses on technological innovation and coordinated development, to empower the clean energy industry.
19. voda 6 december 2022 07:42

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    Habas Secures EIA Approval for Cold-Rolling Mill Complex
    
    Strategic Research Institute
    Published on :
    6 Dec, 2022, 5:35 am
    
    The Turkish Ministry of Environment and Urbanization has approved the environmental impact assessment of steelmaker Habas’s new 1.65 million tonnes cold-rolling mill and hydrogen generating plant project at Aliaga in Izmir. The new complex will produce 650,000 tonnes per year of cold-rolled steel, 750,000 tonnes per year of galvanized steel and 250,000 tonnes per year of tin plate.
    
    The new mill will be completed within the coming 24 months and supply the automotive and construction sectors.
    
    Habas will also build a 10.000 cubic meter peprhour nitrogen plant and 1.000 cubic meter hydrogen plant to meet the new mill’s nitrogen and hydrogen requirements
    
    Habas has a 4.75 million tonnes per year of liquid steel production capacity and is also a leading supplier of industrial and medical gases and distributor of LNG and CNG in Turkey.
20. voda 6 december 2022 07:42

    auteur info

    • voda

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    Sojitz and L&T JV Bags Bullet Train’s Sabarmati Depot Contract
    
    Strategic Research Institute
    Published on :
    6 Dec, 2022, 5:36 am
    
    L&T Construction’s Buildings & Factories Business of has secured a large order from the National High-Speed Rail Corporation Limited to construct the Sabarmati Depot MAHSR D-2 in the state of Gujarat for the Mumbai – Ahmedabad High Speed Rail project through a consortium led by Sojitz Corporation of Japan.
    
    The scope of the MAHSR D-2 package project involves Design, Supply, Construction & Testing, and Commissioning of the depot spread over approximately 82 hectares including various specialized equipment required to inspect & maintain the rolling stock based on the proven Shinkansen technology and upon completion, will be the biggest depot in India for this purpose.
    
    L&T is already executing civil viaduct and station packages C4, C5 & C6, special steel bridges packages P4(X) & P4(Y) and Ballastless Trackworks Package No T3 for the Mumbai-Ahmedabad High Speed Rail
    
    L&T specifies Large Contract value at INR 2500-5000 crores