L&T forms separate renewable EPC vertical from power transmission unit

03 Sep 2024 CW Team

In a filing with the stock exchange, L&T emphasised the growing momentum in India?s renewable energy sector, particularly in increasing the share of electricity generated from non-fossil fuel sources. The company highlighted the country's focus on green jobs and renewable energy growth as crucial elements of achieving "Viksit Bharat" and equitable climate justice globally.

L&T noted that renewable energy agencies in India have set clear capacity addition targets, with several initiatives like green energy corridors already underway.

The company also pointed out that the Middle East offers ideal conditions for solar energy generation, with significant investments emerging in regions such as SAARC, ASEAN, CIS, and African countries.

"L&T is a global leader with a vast portfolio of 22 GWp in renewable EPC experience," the company stated. "In addition to ground-mounted solar, floating solar, and wind balance of plant projects, L&T?s Battery Energy Storage System (BESS) implementations total 3 GWh. Combined with our grid and digital energy solutions, this business has earned a reputation for delivering giga-scale renewable projects on time and safely."

L&T is involved in some of the world?s largest single-site renewable energy parks and is a key player in major renewable projects in Saudi Arabia, Dubai, Jeddah, India, and other regions.

In light of these developments, L&T has created the renewables EPC business as an addition to its construction verticals. This move aims to enhance management visibility and ensure seamless integration of resources and capabilities.

L&T's Chairman and Managing Director, S.N. Subrahmanyan, stated that the renewable EPC business has experienced accelerated growth in recent years. Thanks to the company?s early investments, L&T is uniquely positioned in the value chain for creating sustainable energy infrastructure.

"This sector holds great promise with multiple opportunities. We aim to build on our success and remain the preferred partner of choice for our customers," Subrahmanyan added. He also noted that the creation of this vertical would provide greater autonomy, customer proximity, and leadership oversight for the business.

(CNBCTV18)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Larsen & Toubro Ltd. (L&T) announced on September 2 that it has established a separate business vertical for its renewable Engineering, Procurement, and Construction (EPC) operations, carving it out from its existing power transmission and distribution segment within the infrastructure projects division. In a filing with the stock exchange, L&T emphasised the growing momentum in India?s renewable energy sector, particularly in increasing the share of electricity generated from non-fossil fuel sources. The company highlighted the country's focus on green jobs and renewable energy growth as crucial elements of achieving Viksit Bharat and equitable climate justice globally. L&T noted that renewable energy agencies in India have set clear capacity addition targets, with several initiatives like green energy corridors already underway. The company also pointed out that the Middle East offers ideal conditions for solar energy generation, with significant investments emerging in regions such as SAARC, ASEAN, CIS, and African countries. L&T is a global leader with a vast portfolio of 22 GWp in renewable EPC experience, the company stated. In addition to ground-mounted solar, floating solar, and wind balance of plant projects, L&T?s Battery Energy Storage System (BESS) implementations total 3 GWh. Combined with our grid and digital energy solutions, this business has earned a reputation for delivering giga-scale renewable projects on time and safely. L&T is involved in some of the world?s largest single-site renewable energy parks and is a key player in major renewable projects in Saudi Arabia, Dubai, Jeddah, India, and other regions. In light of these developments, L&T has created the renewables EPC business as an addition to its construction verticals. This move aims to enhance management visibility and ensure seamless integration of resources and capabilities. L&T's Chairman and Managing Director, S.N. Subrahmanyan, stated that the renewable EPC business has experienced accelerated growth in recent years. Thanks to the company?s early investments, L&T is uniquely positioned in the value chain for creating sustainable energy infrastructure. This sector holds great promise with multiple opportunities. We aim to build on our success and remain the preferred partner of choice for our customers, Subrahmanyan added. He also noted that the creation of this vertical would provide greater autonomy, customer proximity, and leadership oversight for the business. (CNBCTV18)

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..