The project awarded to L&T will have an optimised off-grid renewable energy system comprising of around 250 maximum power output of a solar photovoltaic (PV) plant and over 700 megawatt-hour (MWh) battery energy storage system.

“The scope for power systems also involves biofuel based internal combustion engines, three Gas Insulated Substations, high voltage transmission lines and medium voltage distribution networks. The scope for water systems involves constructing a 37 MLD Seawater Reverse Osmosis Plant, 6 MLD Sewage Treatment Plants, marine works including intake and outfall, tank farms, potable water network, wastewater network and treated sewage effluent network,” the release highlights.

L&T is a $23 billion multinational company, operating in over 50 countries worldwide. In Q2 FY24, the conglomerate reported a 45% year-on-year rise in net profit at ₹3,223 crore, while consolidated revenues grew 19% YoY to ₹51,024 crore, primarily aided by improved execution of the large order book and accelerated progress in the Projects and Manufacturing portfolio. International revenues during the September quarter of FY24 stood at ₹21,898 crore, constituting 43% of the total revenue.

During Q2 FY24, the company received orders worth ₹89,153 crore at the group level, registering a strong growth of 72% on a yearly basis. The orders were received across diverse segments like onshore verticals of the hydrocarbon business, urban transit systems, transmission & distribution as well as residential & commercial space. International orders at ₹59,687 crore during the quarter comprised 67% of the total order inflow.

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L&T new contract

L&T secures order for Amaala project in Saudi Arabia; stock hits new high