L&T Energy CarbonLite Solutions has been granted a go-ahead to the establishment of thermal power plants in Madhya Pradesh and Bihar.
What Happened: L&T Energy CarbonLite Solutions, a business arm of Larsen & Toubro Limited, has obtained the green light from NTPC, the company said in a statement. The orders pertain to the main plant packages of a 2×800 megawatt stage-II thermal power plant at Gadarwara in Madhya Pradesh and a 3×800 megawatt stage-II thermal power plant at Nabinagar in Bihar.
The work encompasses the design, engineering, manufacturing, supply, erection and commissioning of boilers, turbines, electrostatic precipitators (ESP), auxiliaries and the associated mechanical, electrical, instrumentation and civil works.
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Mr Subramanian Sarma, full-time director and president at L&T, expressed his views on the development, saying, “Winning LNTP for ultra super-critical projects highlights our expertise and reputation in delivering innovative solutions. We deeply value the trust our clients place in us and are committed to achieving excellence. We look forward to ensuring delivering the projects with exceptional outcomes that meet our high standards of execution within a strict timeline."
This development comes on the heels of Larsen & Toubro securing an order for the design and construction of Agra Metro Phase 1, Line -2 in mid-October. The project entails the design and construction of a 15.09-kilometre elevated viaduct, 14 stations, and a 2.61-kilometre depot. The project also includes architectural finishes for the stations and electrical & mechanical works.
Last month, the company also reported a 5.4% increase in net profit to ₹3,395 crore in the second quarter, while revenue from operations went up 20.6% year-on-year, to ₹61,555 crore. As of September 30, 2024, the group's consolidated order book stood at ₹5.10 lakh crore, marking a 7% increase compared to March 2024. International orders constitute 40% of the total order book.
Price Action: L&T was trading flat at ₹3,619.30 on Tuesday
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