L&T Secures Large Contract for India's Biggest Pumped Storage Project
Larsen & Toubro secured a large order to construct India's biggest 3000 MW Saidongar-1 Pumped Storage Project in Maharashtra. The contract covers design, engineering, and execution of civil and hydro-mechanical jobs. This significant project aims to enhance grid reliability and energy security.
Securing a 'large' contract for a significant national project like India's biggest pumped storage project is material for L&T, impacting its order book and future revenue streams.
The announcement details a significant new order win for L&T, which is a positive development for the company's business and its role in India's energy infrastructure.
Larsen & Toubro Limited (L&T) announced that its Heavy Civil Infrastructure business vertical has secured a large order from Torrent Energy Storage Solutions Pvt Ltd for the construction of the 3000 MW Saidongar-1 Pumped Storage Project (PSP) in Raigad, Maharashtra. This project, comprising ten units of 300 MW each, is set to be India's largest pumped storage project.
The scope of the contract encompasses the design, engineering, and execution of all civil and hydro-mechanical works associated with the project. L&T's involvement is expected to significantly contribute to enhancing grid reliability and energy security for Maharashtra and the surrounding regions.
The company highlighted that this order underscores L&T's extensive capabilities in executing complex hydroelectric and pumped storage projects of national importance. The Saidongar-1 PSP reinforces L&T's position as a reliable partner for large-scale, high-capacity pumped storage solutions, leveraging its track record of engineering excellence, timely execution, and high safety standards.
Pumped storage projects are crucial for grid stability and meeting peak power demand. By storing surplus energy and releasing it during periods of high demand, they offer a flexible and reliable solution that supports India's energy security goals and long-term decarbonization objectives. The order has been classified as 'Large' by L&T, indicating a contract value between ₹2,500 Crore and ₹5,000 Crore.
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Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Larsen & Toubro Limited. Read the original for the full detail.