L&T-MHPS Boilers Pvt Ltd (LMB) is a joint venture of Larsen & Toubro Ltd (L&T) and Mitsubishi Hitachi Power Systems Ltd (MHPS), Japan.
In a filing to the Bombay Stock Exchange, the company said, “L&T-MHPS Boilers signs technology licence agreement with MHPS Japan for selective catalytic reduction systems.”
The technology licensing agreement is for design, engineering, manufacture, installation, commissioning, and sale of new boilers under BTG, EPC or SG packages or standalone SCR systems, and for existing and under construction boilers on exclusive basis in India, the company said in a statement.
The new emission norms, for coal-based thermal power plants in India, introduced limits on oxides of nitrogen (NOx) emissions.
This move has made Indian emission norms one of the most stringent in the world. The new norms have called for mandatory installation of SCR systems in upcoming power plants, including those currently under construction and many existing power plants.
Commenting on the pact, L&T, Whole-Time Director (Power, Heavy Engineering & Defence) and CEO and Managing Director-L&T Power, Shailendra Roy said, “This strengthens L&T’s capability to cater to power plant requirements meeting new emission norms and contribute to the government’s ‘Make in India’ initiative.”
LMB is currently executing 12 units of supercritical / ultra-supercritical steam generator packages of 660 mw capacity in India totalling 7,920 MW.
In addition, 6 supercritical units (660/700 MW) have already achieved commercial operation.
Meanwhile, shares of the company closed at Rs 1,399.85 apiece, down 1.34 per cent, from previous close on BSE.