L&T shares higher by a percent on 'significant' order of up to Rs 2,500 crore from NPCIL for Kudankulam nuclear plant

The order was won by the Heavy Civil Infrastructure (HCI) vertical of L&T for 2x1000 Mwe Kudankulam Nuclear Power Project (KKNPP 5 & 6) which would involve installation of the reactor and turbine systems, sea water systems, and other related equipment.

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26 Aug, 2025 12:21

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Engineering and construction giant L&T has bagged a 'significant' order worth up to Rs 2,500 crore from Nuclear Power Corporation (NPCIL) for the Kudankulam power project in Tamil Nadu, the company informed on September 16, sending the shares higher by a percent.

The order was won by the Heavy Civil Infrastructure (HCI) vertical of L&T for 2x1000 Mwe Kudankulam Nuclear Power Project (KKNPP 5 & 6) which would involve installation of the reactor and turbine systems, sea water systems, and other related equipment. The order also includes accessories such as piping, structural steelwork, anti-corrosion coating, insulation and full testing across the structures.

The HCI business is an EPC division for core civil infrastructure projects crucial to sectors such as Metros and High-Speed Rail (HSR), tunnels, nuclear power, ports as well as defence infrastructure. This business undertakes civil construction works for nuclear power plants and has expertise in construction of Pressurised Heavy Water Reactors (PHWR), Light Water Reactors (LWR) and Natural Draft Cooling Towers (NDCT).

As part of the Viksit Bharat initiative, India has set a target of 100 GW nuclear power capacity by 2047, which will be supported by the Nuclear Energy Mission, including significant investments in R&D for Small Modular Reactors (SMRs).

Centre has been looking to enhance domestic nuclear capabilities and private sector participation in such projects.

During the June quarter earnings, L&T pegged the prospective order pipeline for infra for the next nine months at Rs 7.97 trillion, a rise of 32 percent on year. This prospects pipeline comprises of domestic prospects of Rs 5.04 trillion and international prospects of Rs 2.93 trillion. The sub-segment of Heavy Civil Infrastructure will make up for 17 percent of the total order prospects, the company has said. The orderbook for this segment is at Rs 3.7 trillion as of June 2025.