L&T secures order worth up to Rs 2,500 crore from JSW Energy for Bhavali Pumped Storage Project in Maharashtra
Larsen & Toubro (L&T) announced on June 9 that its Heavy Civil Infrastructure business has secured a significant order from JSW Energy for the execution of the 1500 MW Bhavali Pumped Storage Project in Maharashtra. This large-scale hydroelectric project is located across the Nashik and Thane districts and is part of India's strategy to enhance […]
Larsen & Toubro (L&T) announced on June 9 that its Heavy Civil Infrastructure business has secured a significant order from JSW Energy for the execution of the 1500 MW Bhavali Pumped Storage Project in Maharashtra. This large-scale hydroelectric project is located across the Nashik and Thane districts and is part of India's strategy to enhance grid stability through renewable energy integration.
According to the company's official statement, the scope of work includes all civil engineering tasks related to the project. These encompass the construction of access roads, upper and lower reservoirs, the water conductor system, pressure tunnels, and the underground powerhouse. The contract's classification as 'Significant' implies a project value in the range of ₹1,000 to ₹2,500 crore.
L&T emphasized that this win strengthens its position as a key player in complex hydroelectric infrastructure projects and supports India's broader push towards renewable energy capacity expansion.
Pumped storage projects like Bhavali PSP are becoming increasingly important in stabilizing the grid amidst the growing share of intermittent renewable sources such as solar and wind energy.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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