Shares of Larsen & Toubro Ltd (L&T) rose 1% to the touch a day’s excessive of Rs 3,634.10 on 4th August after the corporate introduced that its renewables enterprise has secured a ‘vital’ order to develop a 116 MWac grid-connected photo voltaic photovoltaic (PV) plant built-in with a 241 MWh battery vitality storage system (BESS) at Kajra in Bihar’s Lakhisarai district.
L&T classifies orders price Rs 1,000 crore to Rs 2,500 crore as “vital.”
This EPC order extends the sooner section, elevating the co-located storage capability on the Lakhisarai renewable web site to 495 MWh — the most important such challenge awarded by a state utility in India. The four-hour BESS will allow vitality time-shifting, storing surplus solar energy to be used in periods of peak demand. It’s going to use liquid cooling expertise for greater energy density, improved security, and longer operational life.
The challenge helps the Centre’s push for co-located renewable vitality storage, aids Bihar’s Jal Jeevan Hariyali Abhiyan, and can enhance job creation and vitality safety.
Earlier, L&T’s renewables enterprise secured an EPC order for a 275 MW photo voltaic PV challenge in Gujarat.
For Q1, L&T posted a 29% rise in internet revenue to Rs 3,617 crore from Rs 2,786 crore final yr. Income grew 15.5% to Rs 63,678 crore, whereas EBITDA elevated 12.5% to Rs 6,316 crore. EBITDA margin fell barely to 9.9% from 10.2% final yr.
At 2:10 PM, the shares of L&T had been buying and selling 1.24% greater at Rs 3,631.90 on NSE.
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