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)

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)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..