Larsen & Toubro Bags Order To Build Solar Cum Energy Storage Plant In Bihar

Larsen & Toubro Limited (L&T) has bagged a significant order to construct a Solar cum Energy Storage plant.

What Happened: According to the company’s press release on Monday, the Power Transmission & Distribution (PT&D) division of L&T has secured a domestic order to erect a grid-connected 185 megawatt Solar PV Plant along with a Battery Energy Storage System (BESS) with a capacity of 254 megawatt-hours.

The Solar PV plant, to be set up at Kajra in Lakshisarai district, Bihar, is expected to play a pivotal role in Bihar’s strategy to leverage renewable energy for sustainable solutions, combat climate change, and cater to demand growth. The order is classified as a “significant” order by the construction giant, which indicates it could be worth between ₹1,000-₹2,500 crore.

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The BESS will facilitate the storage of solar energy during low-demand periods and discharge during peak demand. It will also aid in balancing out fluctuations in generation, frequency regulation, and voltage support. The system is equipped with a black start capability to the grid, enabling quick re-energisation post an outage.

Why It Matters: This order win comes on the heels of L&T securing major orders for building projects in Mumbai and Hyderabad, as reported last week.

Earlier in the month, L&T bagged a major offshore contract from the Oil & Natural Gas Corporation (ONGC) for the Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP). The Hydrocarbon vertical of the company, L&T Energy, was awarded the contract.

Price Action: L&T’s share price jumped in the green after the announcement. The stock was up 0.50% to trade at ₹3,552.65 at the time of writing on Monday.

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