Larsen and Toubro plans to sell its non-core assets
RAILWAYS & METRO RAIL

Larsen and Toubro plans to sell its non-core assets

Engineering and construction major Larsen and Toubro (L&T) is planning to sell its non-core assets, including the 1,400 megawatt (MW) Nabha thermal power project in Punjab, the Hyderabad Metro, and L&T Infrastructure Development Projects Limited (L&T IDPL), a subsidiary with road projects and power transmission lines.

The proposed sale comes at a time when environmental, sustainability, and governance are becoming increasingly important.

The sale of its 99 MW hydropower plant to ReNew Power was also announced in the statement. The Singoli Bhatwari Hydroelectric Project (SBHEP) in Uttarakhand was acquired from L&T Power Development Limited earlier this year, marking ReNew Power's first foray into the hydropower generation space.

Given that coal-fired electricity generation remains the backbone of India's power mix, this is significant. Coal-fired power plants account for 53% of the country's total installed power generation capacity of 202.67 GW.

This comes after ReNew Power Private Limited completed its merger with RMG Acquisition Corp II (RMG II), a Nasdaq-listed special purpose acquisition company (SPAC). The new entity, ReNew Energy Global Plc, has an enterprise value of around $8 billion and an equity value of $4.4 billion as a result of the merger.

Hydropower projects are gaining traction among India's clean energy giants. Greenko, based in Hyderabad, has a 7.3 GW operational portfolio and is building power storage projects with an 8 GW capacity across six Indian states as part of its plan to provide on-demand power.

India also plans to issue a policy to promote hydro pump storage schemes shortly, with a potential capacity of around 96 GW identified. The plan is to raise water to a certain height during off-peak hours, then release it into a lower reservoir to generate electricity.

Pump storage aids the national power grid in coping with fluctuations caused by intermittent solar and wind power.

Image Source


Also read: NIIF negotiates with L&T to invest Rs 4k cr in Hyderabad metro

Also read: Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore

Engineering and construction major Larsen and Toubro (L&T) is planning to sell its non-core assets, including the 1,400 megawatt (MW) Nabha thermal power project in Punjab, the Hyderabad Metro, and L&T Infrastructure Development Projects Limited (L&T IDPL), a subsidiary with road projects and power transmission lines. The proposed sale comes at a time when environmental, sustainability, and governance are becoming increasingly important. The sale of its 99 MW hydropower plant to ReNew Power was also announced in the statement. The Singoli Bhatwari Hydroelectric Project (SBHEP) in Uttarakhand was acquired from L&T Power Development Limited earlier this year, marking ReNew Power's first foray into the hydropower generation space. Given that coal-fired electricity generation remains the backbone of India's power mix, this is significant. Coal-fired power plants account for 53% of the country's total installed power generation capacity of 202.67 GW. This comes after ReNew Power Private Limited completed its merger with RMG Acquisition Corp II (RMG II), a Nasdaq-listed special purpose acquisition company (SPAC). The new entity, ReNew Energy Global Plc, has an enterprise value of around $8 billion and an equity value of $4.4 billion as a result of the merger. Hydropower projects are gaining traction among India's clean energy giants. Greenko, based in Hyderabad, has a 7.3 GW operational portfolio and is building power storage projects with an 8 GW capacity across six Indian states as part of its plan to provide on-demand power. India also plans to issue a policy to promote hydro pump storage schemes shortly, with a potential capacity of around 96 GW identified. The plan is to raise water to a certain height during off-peak hours, then release it into a lower reservoir to generate electricity. Pump storage aids the national power grid in coping with fluctuations caused by intermittent solar and wind power. Image Source Also read: NIIF negotiates with L&T to invest Rs 4k cr in Hyderabad metro Also read: Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore

Next Story
Infrastructure Urban

Recycling Leaders Push for Policy Reforms in India

As India prepares for the largest recycling-focused event in its history, industry leaders are making a strong case for policy reforms to unlock the country’s circular economy potential. Ahead of the Bharat Recycling Show (BRS) 2025, co-located with Plastics Recycling Show (PRS) India, a high-level panel discussion in Mumbai spotlighted the urgent need for regulatory clarity, digital innovation, and integration of the informal sector.Held under the theme “Unlocking Circular Value: Regulatory and Market Trends in Recycling”, the panel brought together prominent voices from across the recy..

Next Story
Infrastructure Energy

Environmental Hearing Set for 1000 MW Naying Hydro Project

The environmental public hearing for the 1,000 MW Naying hydroelectric project will take place on November 12 at Yapik community hall in Shi-Yomi district, Arunachal Pradesh, officials confirmed. The run-of-the-river project on the Siyom (Yomgo) river is being developed by the North Eastern Electric Power Corporation (NEEPCO). Construction, including a concrete dam, underground powerhouse, and tunnel, is expected to commence around 2028, with commissioning planned by 2032. The project aims to generate approximately 4,966.77 GWh of electricity. The Naying project received Central Electricity ..

Next Story
Infrastructure Energy

India Achieves 490 MWh Energy Storage Capacity by June 2025

India’s cumulative energy storage capacity reached 490 MWh by June 2025, according to data released by the Central Electricity Authority (CEA). Of this, more than 85 per cent is associated with renewable energy projects, primarily solar and wind, reflecting the country’s accelerated shift towards grid stability and clean energy integration. The CEA report highlights that 16 energy storage systems are currently operational across 10 states, with major installations in Rajasthan, Gujarat, Karnataka, and Maharashtra. These include both standalone and co-located battery systems deployed by le..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?