L&T (LT: ₹3692) Lands ₹15,000 Cr+ Ultra-Mega Power Deal with Adani! ⚡
Hey there, finance enthusiasts! 👋 Get ready for some electrifying news from the world of Indian infrastructure. Larsen & Toubro (L&T), a true titan in the engineering and construction space, has just announced a massive win that’s set to power up India’s energy future. The company, whose shares last traded at ₹3692, has bagged an “Ultra-Mega” contract from Adani Power Ltd. Talk about a power move! 💪
So, what’s the big deal? L&T will be setting up eight state-of-the-art thermal power units for Adani Power, each boasting a capacity of 800 MW. Do the math, and that’s a whopping 6,400 MW of new generation capacity! This isn’t just any contract; according to L&T’s own classification, an “Ultra-Mega” project is valued at over ₹15,000 Crore. That’s a serious chunk of change and a testament to L&T’s capabilities.
The heavy lifting for this project will be handled by L&T Energy CarbonLite Solutions (LTECLS), the company’s specialized business vertical focused on advanced power and low-carbon technologies. Their scope of work is comprehensive, covering everything from design and engineering to manufacturing, supply, and commissioning of the crucial Boiler-Turbine-Generator (BTG) packages, along with all the necessary auxiliaries and control systems.
Mr. Subramanian Sarma, Deputy Managing Director & President at L&T, highlighted the significance of this order, stating that it reinforces L&T’s role as a leading partner in building India’s critical energy infrastructure. And it’s easy to see why: Adani Power Ltd is already India’s largest private sector thermal power producer, with an installed capacity exceeding 18,000 MW. This new project further solidifies the long-standing partnership between these two giants, combining L&T’s execution prowess with Adani’s vision for delivering reliable energy across the nation.
For those keeping score, L&T is a USD 30 billion Indian multinational, deeply involved in EPC Projects, Hi-Tech Manufacturing, and Services across various geographies. This latest contract is another feather in their cap, showcasing their continued leadership and commitment to powering India’s growth story. Keep an eye on this space as L&T continues to build the backbone of India’s energy landscape! 🏗️💡
source: Corporate Announcement
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