L&T Bags Mega Order Worth Rs 15,000 Cr for its Renewable Portfolio

Larsen &  Toubro Limited said on Monday, July 8 that its renewable arm subsidiary had finalised ‘mega’ orders in the range of Rs 10,000 crore to Rs 15,000 Crore, the company said in an exchange filing. The deal has been finalised with a leading Middle Eastern developer to construct two gigawatt-scale solar PV projects with a combined capacity of 3.4 GW.
 

Key Takeaways from L&T ‘Mega’ Orders:

• Larsen & Toubro  on Monday said its renewable arm subsidiary had finalised ‘mega’ orders in the range of Rs 10,000 crore to Rs 15,000 crore.
• The deal was finalised to construct two gigawatt-scale solar PV projects with a combined capacity of 3.4 GW.
• The scope of the order involves grid linkages, such as pooling substations and overhead power lines.
   

The scope of the order will also involve grid linkages, such as pooling substations and overhead power lines. The company said detailed engineering and early building work will begin shortly. 
 

In the last month, June, the company revealed that it had won a solar and storage project order in India. With the recent major orders from the Middle East, L&T’s renewables portfolio is on track to achieve 22 GWp collective capacity, which includes both commissioned and planned solar and wind production projects. 
 

"The successive order wins stand testimony to our proven engineering and project management capabilities to meet the requirements in terms of plant performance, workforce mobilisation, safety, quality and timeline," whole-time director and senior executive vice-president (utilities) at Larsen & Toubro, T Madhava Das said. 
 

Meanwhile, SN Subrahmanyan, the company's chairman and managing director, said the Middle East is far ahead in developing sustainable energy infrastructure and delivering a smart lifestyle. "These orders are welcome additions to our green portfolio, as we build the company of the future with next generation technologies," Subrahmanyan added.
 

About Larsen & Toubro Limited:

Larsen & Toubro Limited is an Indian multinational specialising in EPC Projects, Hi-Tech Manufacturing and Services. It operates in more than 50 countries throughout the world. For more than eight years , L&T has achieved a strong, customer-focused approach and the constant quest for top-class quality enabling the company to attain and sustain leadership in its major lines of business. 

Larsen & Toubro operates in core, high impact sectors of the economy and its integrated capabilities span the entire spectrum of ‘design to delivery’. Every aspect of Larsen & Toubro businesses is characterised by professionalism and high standards of corporate governance with sustainability embedded into their long-term strategy for growth. The company’s manufacturing footprint has extended across eight countries in addition to India. L&T has several international offices and a supply chain that extends around the globe.

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