4,80,000 Crore Order Book: Company Secures Order Worth Under Rs 2,500 Crore to Build 185 MW Solar PV Plant with Battery Energy Storage System!
Larsen & Toubro's Power Transmission & Distribution (PT&D) division has secured a domestic contract (Significant) to construct a 185MW Solar PV Plant coupled with a Battery Energy Storage System (BESS) with a capacity of multiple MWh.
This Solar PV plant, situated in Kajra, Lakshisarai district, is a pivotal component of Bihar's strategy to utilize renewable energy for sustainable solutions, addressing climate change challenges and meeting rising energy demands.
The BESS, with a 254MWh capacity, will store solar energy during periods of low demand and release it during peak demand.
In FY24, the company reported a revenue of Rs 221113 crore compared to Rs 183341 crore, and a net profit of Rs 15547 crore, compared to a profit of Rs 12531 crore in the previous year.
4,80,000 Crore Order Book: Company Secures Order Worth Under Rs 2,500 Crore to Build 185 MW Solar PV Plant with Battery Energy Storage System!
The company’s shares have delivered an impressive return of over 130 per cent in just 2 years. FIIs increased stake in the company.
Larsen & Toubro's Power Transmission & Distribution (PT&D) division has secured a domestic contract (Significant) to construct a 185MW Solar PV Plant coupled with a Battery Energy Storage System (BESS) with a capacity of multiple MWh. This Solar PV plant, situated in Kajra, Lakshisarai district, is a pivotal component of Bihar's strategy to utilize renewable energy for sustainable solutions, addressing climate change challenges and meeting rising energy demands. The BESS, with a 254MWh capacity, will store solar energy during periods of low demand and release it during peak demand. Additionally, it will enhance grid stability by managing fluctuations in generation, regulating frequency, and providing voltage support. The system also features black start capability, enabling rapid re-energization of the grid following outages.
Larsen & Toubro Ltd is a multinational conglomerate specializing in engineering, procurement, and construction (EPC) solutions across various sectors. These include Infrastructure, Hydrocarbon, Power, Process Industries, Defence, Information Technology, and Financial Services, serving both domestic and international markets.
Share Performance:
Today Larsen & Toubro Ltd shares closed the day at Rs 3587.15 per share. The company’s current market capitalization stands at Rs 4,93,179 crore. The stock has delivered a multibagger return of over 50 per cent in just 1 year only.
Financial performance:
According to the Quarterly Results, in Q4 FY24, Larsen & Toubro Ltd reported a revenue of Rs 67079 crore and an operating profit of Rs 8653 crore. The operating profit margin for the quarter stands at 13 per cent. The company’s net profit stood at Rs 5013 crore. In FY24, the company reported a revenue of Rs 221113 crore compared to Rs 183341 crore, and a net profit of Rs 15547 crore, compared to a profit of Rs 12531 crore in the previous year.
Investors must keep this Large-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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