Announcement Summary
- Company: Larsen & Toubro Limited
- Order Value: Significant* (Rs 1,000 to 2,500 Cr)
- Client: State Utility, Bihar
- Location: Kajra, Lakhisarai district, Bihar
- Date: August 4, 2025
Larsen & Toubro’s Renewables business vertical has secured an important order to develop a grid-connected 116 MWac Solar Photovoltaic plant integrated with a 241 MWh Battery Energy Storage System at Kajra in Bihar’s Lakhisarai district. This project expands on an earlier phase, bringing the total co-located energy storage capacity at this renewable site to 495 MWh, making it the largest such project assigned by a state utility in India.
The deployment of a 4-hour battery storage system alongside solar energy will enable effective energy time-shifting, allowing excess clean power generated during off-peak hours to be stored and supplied to the grid during periods of high demand. The system incorporates advanced liquid cooling technology to ensure higher power capacity, greater safety, and longer operational life.
This initiative supports the Government of India’s policy promoting co-located renewable energy storage systems and contributes to the Jal-Jeevan-Hariyali Abhiyan focused on water, life, and greenery in Bihar, while generating employment and enhancing long-term energy security.
Prior to this, the Renewables vertical had won an EPC order for a 275 MW Solar PV project in Gujarat, further strengthening L&T’s clean energy portfolio with flexible and cost-effective solutions.
Key Fundamentals
- Market Cap: Rs 4,99,647 Cr.
- Current Price: Rs 3,633
- High / Low: Rs 3,964 / 2,965
- Stock P/E: 32.1
- Book Value: Rs 710
- Dividend Yield: 0.95%
- ROCE: 14.5%
- ROE: 16.6%
- Face Value: Rs 2.00
- Price to Book Value: 5.12
- EPS: Rs 115
- Promoter Holding: 0.00%
- Industry P/E: 23.0
- EV/EBITDA: 15.9
- Market Cap to Sales: 1.89
- Return over 3 years: 26.1%
RSI on daily time frame: 57.68.
What This Means for Investors
This significant order enhances Larsen & Toubro’s presence in the renewable energy space by expanding its footprint in large-scale solar and battery storage projects. Increasing energy storage capacity is a key step towards stabilizing renewable energy output and meeting peak demand efficiently. The leadership in delivering such sizable projects showcases L&T’s engineering and execution capabilities and aligns with national priorities on clean energy and sustainability. This also strengthens the company’s order book and positions it well for future opportunities in the growing renewables and storage sectors.
Past Orders or Related News
On July 29, 2025, Larsen & Toubro’s Hydrocarbon Offshore business secured an ultra-mega order from a reputed Middle East client. It includes the engineering, procurement, and construction of offshore infrastructure, along with enhancements to existing installations. This demonstrates L&T’s global expertise in offshore oil and gas EPCIC services and reinforces its strong project delivery track record.
Source: BSE (Click To Download PDF).
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I’m Shahid Shaikh, a software engineer who has observed and tracked the stock market for over ten years. Through my blog, I deliver daily news updates on market trends and financial headlines. I focus on informing readers—not giving investment advice—so the insights here are purely educational.