L&T to build 2 GW solar PV plant in Middle East
5 months, 2 weeks ago

L&T to build 2 GW solar PV plant in Middle East

Hindustan Times  

The Renewable energy arm of Larsen & Toubro has secured a mega energy project in the Middle East, the company informed the exchange in a filing on Monday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The company stated that it will build two Gigawatt Scale Solar PV plants with a leading developer in the Middle East. Now, with the fresh mega orders from the Middle East, L&T's renewables portfolio is expected to reach 22 GWp cumulative capacity, comprising solar and wind generation projects already commissioned and those in the making. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} "The successive order wins stand testimony to our proven engineering and project management capabilities to meet the requirements in terms of plant performance, workforce mobilisation, safety, quality and timeline.

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History of this topic

Dearth of green talent puts India Inc in a bind
1 year, 5 months ago

Dearth of green talent puts India Inc in a bind

Live Mint  

A senior supply-chain executive, who works for the retail arm of one of India’s oldest conglomerates, is now spending her non-working hours studying how global retail chains are reducing their carbon footprint. “The supply of adequately trained manpower falls short of the demand, creating a bottleneck for Indian renewable energy companies.This talent crunch underscores the critical importance of investing in …

ReNew to sell 1GW plants at $1bn enterprise value
2 years, 1 month ago

ReNew to sell 1GW plants at $1bn enterprise value

Live Mint  

New Delhi: ReNew Energy Global Plc is looking to sell 1 gigawatt of its operational clean energy capacity at an enterprise value of around $1 billion as part of the company’s capital recycling strategy, two people aware of the development said. Ltd is among the earliest entrants in India’s green economy and, in August last year, merged with Nasdaq-listed special …

The tectonic shift unfolding at Larsen & Toubro
3 years ago

The tectonic shift unfolding at Larsen & Toubro

Live Mint  

KOTTAYAM : The average Indian, even one largely ignorant about the inner workings of big businesses, might know that Larsen and Toubro is a company that builds things. “L&T is increasingly becoming a services, and not just an infrastructure, company," Abhishek Shukla, associate director, India Ratings and Research, said. “Even if they are not de-emphasising infra as a segment, the …

L&T announces Hyderabad Metro, Nabha power plant and L&T IDPL proposed sale
3 years, 3 months ago

L&T announces Hyderabad Metro, Nabha power plant and L&T IDPL proposed sale

Live Mint  

NEW DELHI: Larsen & Toubro Ltd, India’s largest engineering company, plans to sell its non-core assets - 1400 megawatt Nabha thermal power project in Punjab, the Hyderabad Metro, and L&T Infrastructure Development Projects Ltd, the subsidiary having road projects and power transmission lines, the company said in a statement on Tuesday. The acquisition of the Singoli Bhatwari Hydroelectric Project in …

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