Hot Pursuit     08-Jul-24
Larsen & Toubro bags 'mega' orders for its renewables portfolio
Larsen & Toubro said that its Renewable arm has finalised mega orders with a leading developer in the Middle East to build two gigawatt-scale solar PV plants with a cumulative capacity of 3.5 gigawatt (GW).

The scope of the orders also includes grid interconnections encompassing pooling substations and overhead transmission lines. Detailed engineering and initial construction work are expected to commence shortly.

Last month, L&T announced having won a solar-cum-storage plant order in India. Now, with the fresh mega orders from the Middle East, L&T’s renewables portfolio is poised to reach 22 GWp (gigawatt peak) cumulative capacity, comprising solar and wind generation projects already commissioned and those in the making.

S N Subrahmanyan, chairman & managing director – L&T, said: “The Middle East is far ahead in creating sustainable energy infrastructure and in providing a smart lifestyle. These orders are welcome additions to our green portfolio, as we build the company of the future with next-generation technologies.”

As per L&T’s classification, the value of the aforementioned order lies between Rs 10,000 crore and Rs 15,000 crore.

Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer focused approach and the constant quest for top class quality has enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

The EPC major's consolidated net profit rose 10.27% to Rs 4,396.12 crore on 14.99% increase in revenue from operations to Rs 67,078.68 crore in Q4 FY24 over Q4 FY23.

The scrip shed 0.53% to currently trade at Rs 3609.40 on the BSE.

Previous News
  L&T Energy Green Tech incorporates WoS - Panipat Green Hydrogen
 ( Corporate News - 30-Jun-25   18:58 )
  Larsen & Toubro lists India's first ESG bonds on NSE
 ( Corporate News - 23-Jun-25   19:15 )
  L&T bags 'major' orders for power transmission and distribution biz
 ( Corporate News - 10-Jun-25   14:30 )
  L&T's power business bags 'major' domestic & global orders in grid infrastructure domain
 ( Hot Pursuit - 10-Jun-25   11:01 )
  Larsen & Toubro wins significant order from JSW Energy
 ( Corporate News - 09-Jun-25   16:31 )
  L&T bags significant orders for heavy civil infrastructure business
 ( Hot Pursuit - 09-Jun-25   10:56 )
  Larsen & Toubro announces Rs 500 crore ESG bond issuance in partnership with HSBC
 ( Corporate News - 06-Jun-25   15:14 )
  Market extends losses; European mrkt decline
 ( Market Commentary - Mid-Session 03-Jun-25   13:36 )
  Market slips into negative terrain; metal shares climb
 ( Market Commentary - Mid-Session 03-Jun-25   11:35 )
  Larsen & Toubro wins orders for its water & effluent biz
 ( Corporate News - 03-Jun-25   10:30 )
  Suzlon Energy Ltd Slips 2.4%
 ( Hot Pursuit - 03-Jun-25   09:30 )
Other Stories
  Wockhardt climbs on exiting US generics to refocus on innovation
  14-Jul-25   17:12
  Aditya Birla Money ends lower after Q1 PAT slumps 6% YoY to Rs 15 cr
  14-Jul-25   17:03
  Nelco slumps as Q1 PAT tanks 61% YoY to Rs 2 cr
  14-Jul-25   15:59
  BEML gains as board to mull stock split proposal on July 21
  14-Jul-25   15:37
  Ahluwalia Contracts rallies after bagging orders worth Rs 2,089 cr from DLF
  14-Jul-25   15:33
  Bartronics India gains after inking MoU with Ampivo Smart Technologies
  14-Jul-25   15:30
  Shakti Pumps invests Rs 12 cr in solar arm SESL for new manufacturing plant
  14-Jul-25   15:29
  Karnataka Bank gains after appointing Raghavendra Srinivas Bhat as MD & CEO
  14-Jul-25   15:01
  Sharda Cropchem Ltd leads losers in 'A' group
  14-Jul-25   15:00
  Wonder Electricals Ltd leads losers in 'B' group
  14-Jul-25   14:45
Back Top