Shares of Engineering and building behemoth, Larsen and Toubro (L&T) have been buying and selling 2% increased on 16 September after the corporate introduced that it has acquired a ‘vital’ order price as much as Rs 2,500 crore from Nuclear Energy Company (NPCIL) for the Kudankulam energy plant in Tamil Nadu, the agency introduced on 16 September, sending its shares up a %.
L&T’s Heavy Civil Infrastructure (HCI) vertical received the order for the two×1000 Mwe Kudankulam Nuclear Energy Mission (KKNPP 5 & 6), which included the set up of reactor and turbine programs, seawater programs, and different associated tools. The order additionally contains equipment reminiscent of plumbing, structural steelwork, anti-corrosion therapy, insulation, and complete testing of the buildings.
The HCI enterprise is an EPC subsidiary that focuses on key civil infrastructure tasks in areas reminiscent of metros and high-speed rail (HSR), tunnels, nuclear energy, ports, and defence infrastructure. This firm specialises in civil building for nuclear energy amenities, specifically pressurised heavy water reactors (PHWR), mild water reactors (LWR), and pure draft cooling towers (NDCT).
As a part of the Viksit Bharat plan, India has set a goal of 100 GW nuclear energy capability by 2047, which will probably be backed by the Nuclear Power Mission, together with massive investments in Small Modular Reactors (SMRs).
The Centre has been seeking to enhance home nuclear capabilities and personal sector engagement in such packages.
Through the June quarter earnings, L&T estimated the possible infra order pipeline for the next 9 months at Rs 7.97 trillion, a 32% enhance over the earlier yr. This pipeline of prospects contains Rs 5.04 trillion in home and Rs 2.93 trillion in abroad alternatives. The Heavy Civil Infrastructure subsegment will account for 17% of whole order prospects, in keeping with the enterprise. As of June 2025, the orderbook for this class totalled Rs 3.7 trillion.
At 2:14 pm, the shares of Larsen and Toubro have been buying and selling 1.92% increased at Rs 3,655.10 on NSE.
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