Latest news with #Boiler-Turbine-Generator
&w=3840&q=100)
Business Standard
21 hours ago
- Business
- Business Standard
L&T extends rally on order win from Adani Power; brokerage sees more upside
Larsen & Toubro (L&T) share price today Shares of Larsen & Toubro (L&T) were up 1 per cent at ₹3,712 on the BSE in Tuesday's intra-day trade, extending its previous day's gain after winning an ultra-mega order from Adani Power for 6,400MW thermal power for CarbonLite solutions business. In the past two trading days, L&T has gained 3 per cent, and rallied 9 per cent in the past 11 trading sessions. The stock price of the civil construction major had hit a 52-week high of ₹3,963 on December 10, 2024. L&T wins ultra mega order from Adani Power L&T has won an ultra mega order for the supply of Boiler Turbine and Generator (BTG) along with auxiliaries for 6400 MW (800x8) thermal power plant to Adani power. The order will be executed by L&T Energy - CarbonLite Solutions (LTECLS), the company's specialized business vertical for advanced power and low-carbon technologies, L&T said. However, L&T did not specify the exact value of the contracts but as per L&T specification, an ultra mega contract is more than ₹15,000 crore. Mega contract in the range of ₹10,000 crore to ₹15,000 crore, large contract in the range of ₹2,500 crore to ₹5,000 crore and a significant contract ranges between ₹1,000 crore and ₹2,500 crore, as per the company. The scope of work encompasses the complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and associated mechanical, electrical and control & instrumentation (C&I) systems, L&T said. Meanwhile, on July 29, 2025, the Hydrocarbon Offshore business vertical (L&T Energy Hydrocarbon Offshore) of L&T secured an ultra-mega order from a prestigious client in the Middle East. The order encompasses multiple offshore packages, and the scope includes engineering, procurement, construction and installation of offshore structures, along with the upgradation of existing facilities. Brokerage sees more upside on L&T stock price Order wins will help L&T achieve targeted order inflow growth by the company. Although the company has classified this order at ₹15000 crore we believe this order is worth ~₹38,000 crore at ~₹6 crore/MW, ICICI Securities said in a note. L&T has an order backlog of ₹6.1 trillion up 25 per cent year-on-year (YoY). Given the prospects of ~₹14.8 trillion for remaining 9MFY26E, L&T expects order inflow growth of 10 per cent for FY26E on a larger base. Overall, analysts at ICICI Securities expect revenues and profit after tax (PAT) to grow at compounded annual growth rate (CAGR) of 14.5 per cent and 19.4 per cent over FY25-FY27E. The brokerage firm believes given the backlog growth and pick up in execution there remains a strong revenue growth over the medium term. With continued focus on improvement of overall return ratios and aspiration of 18 per cent ROE by 2026E looks probable. Analysts maintain a BUY rating on L&T with a target of ₹4,380 (SoTP based). The order prospect pipeline grew 65 per cent Y-o-Y to ₹ 15 trillion for the next nine months of FY26. Historically, L&T had a hit ratio of 20-25 per cent in the prospect pipeline, and if it maintains this hit rate, L&T could grow its order inflows far more than its FY26 guidance of 10 per cent Y-o-Y growth, according to analysts at Motilal Oswal Financial Services. In the GCC region, L&T hopes to scale up in areas like renewable, clean energy and transmission projects and correspondingly scale up the execution of existing projects, the brokerage firm said with BUY rating on the stock and target price of ₹ 4,200 per share.
India.com
a day ago
- Business
- India.com
Masterstroke by Lausen and Toubro, bags 'ultra mega' order from Adani Power for…, L&T issues statement, says...
Representational Image/AI-generated. New Delhi: In a massive development, Larsen & Toubro (L&T) has secured an ultra-mega contract from Adani Power Ltd to set up eight thermal power units for 6,400 MW of new generation capacity. It is important to note that the company has categorized the order under the 'ultra-mega' category. This means that the order value is more than Rs 15,000 crore. As per the statement released by the company, the said order involves complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and associated mechanical, electrical and control & instrumentation (C&I) systems. 'In today's dynamic energy landscape, where India's demand for reliable and affordable power continues to grow, this order from the Adani Group reinforces our role as a leading partner in building the country's critical energy infrastructure,' Subramanian Sarma, Deputy Managing Director & President, L&T said. Here are some of the key details: The order comprises of setting up eight thermal units, each with a capacity of 800 MW, totaling 6,400 MW of new generation capacity. The said order involves complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages L&T's Energy Hydrocarbon Offshore vertical secured an ultra-mega order from an unnamed entity in Middle East on July 29. The order comprised of engineering, procurement, construction, installation & commissioning (EPCIC) of offshore structures, along with the upgradation of existing facilities. The company also secured a 'large' construction order from Andhra Pradesh Capital Region Development Authority It has also secured residential and office space construction contracts in Mumbai and Muscat. It is important to note that this contract announcement comes days after Adani Power announced that the company receipt of Letter of Intent from Bihar State Power Generation Co. Ltd. to develop and supply 2,274 MW of electricity to the state from a proposed 2,400 MW thermal power project in Bhagalpur district.
Business Upturn
2 days ago
- Business
- Business Upturn
L&T bags massive order above Rs 15,000 crore from Adani Power
By Aditya Bhagchandani Published on August 11, 2025, 12:54 IST Larsen & Toubro (L&T) has bagged an ultra-mega contract from Adani Power Limited to set up eight state-of-the-art thermal power units, each with a capacity of 800 MW, totaling 6,400 MW of new generation capacity. The project will be executed by L&T Energy – CarbonLite Solutions (LTECLS), the company's specialized business vertical for advanced power and low-carbon technologies. The scope of work includes the complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and associated mechanical, electrical, and control & instrumentation systems. Commenting on the development, Subramanian Sarma, Deputy Managing Director & President, L&T, said the order reinforces the company's role in building critical energy infrastructure as India's demand for reliable and affordable power grows. Adani Power, India's largest private sector thermal power producer with an installed capacity exceeding 18,000 MW, will use the project to strengthen its baseload electricity supply to households and industries. This collaboration extends the long-standing relationship between L&T and Adani Power, combining engineering excellence with a shared vision for dependable energy delivery. LTECLS aims to integrate deep expertise in engineering, manufacturing, and execution with a focus on power and low-carbon processes, supported by collaborations with global industry leaders. Ahmedabad Plane Crash 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.
