L&T Bags Significant Contract from JSW Energy for 1.5 GW Pumped Storage Project in Maharashtra
By Shishta Dutta | Published at: Jun 9, 2025 02:25 PM IST
Larsen & Toubro Ltd (NSE: LT, BSE: 500510) has secured a significant order for its Heavy Civil Infrastructure business from JSW Energy, marking a strategic win in the renewable energy infrastructure space.
What’s the Scope and Strategic Value of the Project?
The order pertains to the execution of the Bhavali Pumped Storage Project (PSP), a major hydroelectric initiative in Maharashtra’s Nashik and Thane districts. The project is designed to have a total installed capacity of 1,500 MW, distributed across several smaller generating units.
Scope of Work:
- Construction of approach roads
- Development of upper and lower reservoirs
- Installation of water conductor systems
- Tunneling of pressure tunnels
- Creation of an underground powerhouse unit
This end-to-end civil package reinforces L&T’s dominance in executing technically complex hydro-infrastructure projects.
Classification & Value
According to the company’s project classification system disclosed in the press release, a “Significant” order falls within the ₹1,000 crore to ₹2,500 crore range.
| Classification | Value in ₹ Cr |
|---|---|
| Significant | 1,000 to 2,500 |
| Large | 2,500 to 5,000 |
| Major | 5,000 to 10,000 |
| Mega | 10,000 to 15,000 |
| Ultra-Mega | Over 15,000 |
What’s Driving the Shift to Renewable Energy?
Pumped storage systems, such as Bhavali PSP, are critical for grid stability, especially as India scales up the integration of intermittent renewable energy sources. The project underscores L&T’s role as a key execution partner in India’s clean energy transition.
About Larsen & Toubro
Larsen & Toubro Limited is a USD 30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, with operations across geographies. The company has maintained its leadership in its sectors for over eight decades and is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
This order further strengthens L&T’s renewable infrastructure portfolio and reflects strong project momentum ahead of India’s decarbonisation goals.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/23995dc0-9feb-4d9f-9a4d-006ab373891a.pdf
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