L&T Order + Tata Motors Hike prices

Larsen & Toubro has received engineering and procurement (E&P) order for setting up high technology methyl amines & dimethyl formamide plants for Methanol Chemical Company (Chemanol). L&T will also provide the technical services for erection and commissioning of the plant.

Chemanol is a private sector enterprise, operating grass roots, second-generation petrochemical complex located in the Al Jubail Industry city, Saudi Arabia, which manufactures formaldehyde and its derivative products.

Tata Motors has hiked the prices of its vehicles to offset the higher input costs and because of costs related to meeting stricter safety norms.