Rs 4.91 Trillion Order Book: Infrastructure Giant Expands Renewable EPC Division Amid Global Clean Energy Push – LIC Increase Stake!

The company’s shares have delivered an impressive return of around 35 per cent to its shareholders.

Larsen & Toubro Ltd has established a dedicated business vertical for Renewable EPC within its Power Transmission & Distribution division, part of its Infrastructure Projects segment. This move aligns with the accelerating global transition to clean energy, driven by advancements in renewable technology and the growing demand for decarbonized electricity. With significant renewable penetration expected in solar and wind energy, L&T aims to address the challenges of renewable energy variability by integrating hybrid systems and energy storage solutions.

India, with its focus on increasing non-fossil fuel-based electricity, is a key market for L&T, supported by government initiatives like the Green Energy Corridors. The Middle East, particularly Saudi Arabia, also presents substantial opportunities due to favorable conditions for solar power generation.

L&T boasts a global renewable EPC portfolio of 22 GWp, including projects in Ground Mounted Solar, Floating Solar, and Wind Balance of Plant. The company is also advancing in Battery Energy Storage Systems, with a cumulative capacity of 3 GWh. L&T’s notable projects include the 700 MW Ar Rass Solar PV IPP and the 1.6 GW Sudair solar plant in Saudi Arabia, as well as the ongoing Phase 6 of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Additionally, L&T has executed landmark renewable energy projects in India, including the 90 MW Omkareshwar Floating Solar project.

On Tuesday the shares of Larsen & Toubro Ltd closed the day at around Rs 3,689.80 per share on the BSE. The current market capitalization stands at Rs 5,07,345.62 crore. Additionally, the shares have delivered a return of over 35 per cent in the past year.

As per the Quarterly Results, in Q1 FY25, Larsen & Toubro Ltd recorded a revenue of Rs 55120 crore from Rs 47882 crore. The operating profit for Q1 FY25 stood at Rs 7046 crore. The net profit for Q1 FY25 stood at Rs 3445 crore compared to a profit of Rs 3096 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 221113 crore in FY24. The operating profit for FY24 was Rs 29865 crore with a net profit of Rs 15547 crore compared to a net profit of Rs 12531 crore in FY23.

Investors must keep this Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.