Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, announced on June 9, 2025, that its Heavy Civil Infrastructure (HCI) business vertical has secured a significant order from JSW Energy. The order is for the execution of the Bhavali Pumped Storage Project (PSP) located in Maharashtra. This development underscores L&T's continued prowess in executing large-scale, complex infrastructure projects.
The term 'Significant' in L&T's project classification denotes orders valued between ₹1,000 crore and ₹2,500 crore. This new win is expected to bolster L&T's order book and further solidify its leadership position in the heavy civil infrastructure domain.
| Classification | Value Range (₹ 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 | > 15,000 |
Project Details and Scope
The Bhavali Pumped Storage Project is strategically located across the Nashik and Thane districts of Maharashtra. It is designed with a total installed capacity of 1500 MW, comprising various small units. L&T's scope of work for this project is comprehensive, encompassing the complete execution of all civil works. This includes the construction of approach roads, the development of upper and lower reservoirs, the establishment of a water conductor system, the creation of pressure tunnels, and the construction of an underground powerhouse unit.
This order reaffirms L&T's proven capabilities in delivering complex hydroelectric infrastructure. It also reinforces the company's position as a key enabler in India's ongoing quest for expanding its renewable energy capacity and ensuring energy security.
Strategic Importance of Pumped Storage Projects
Pumped storage projects like the Bhavali PSP are becoming increasingly crucial for grid stability, particularly as India integrates more variable renewable energy sources, such as solar and wind power, into its national grid. These projects function like large-scale rechargeable batteries, storing energy during periods of low demand or high renewable generation and releasing it during peak demand periods. This helps in balancing the grid, improving its reliability, and facilitating a smoother transition towards a cleaner energy mix.
The development of such projects aligns with India's broader energy policy objectives, which emphasize sustainability and self-sufficiency in power generation. L&T's involvement in the Bhavali PSP highlights its contribution to these national goals.
Larsen & Toubro: A Profile
Larsen & Toubro is a USD 30 billion Indian multinational conglomerate engaged in Engineering, Procurement, and Construction (EPC) Projects, Hi-Tech Manufacturing, and Services. The company operates across multiple geographies, showcasing a strong, customer-focused approach. L&T's constant quest for top-class quality and its commitment to innovation have enabled it to attain and sustain leadership in its major lines of business for over eight decades.
The company's diverse portfolio and extensive experience in executing critical infrastructure projects have made it a trusted partner for both public and private sector clients in India and internationally. The Secretarial Department of Larsen & Toubro Limited, an ISO 9001:2015 Certified Department, ensures compliance and corporate governance standards.
Market Implications and Outlook
The securing of this significant order is a positive development for Larsen & Toubro. It enhances the company's order inflow for the current fiscal year and improves revenue visibility for its Heavy Civil Infrastructure business. Such large-scale project wins typically have a favorable impact on investor sentiment, reflecting the company's robust execution capabilities and its strong positioning in the infrastructure sector.
As India continues to invest heavily in infrastructure development, particularly in the renewable energy and water management sectors, companies like L&T with proven expertise in complex project execution are well-positioned to benefit from the emerging opportunities. This order from JSW Energy is a testament to L&T's enduring strength and its integral role in shaping India's infrastructure landscape.
The announcement was made via a press release issued by L&T's Corporate Brand Management & Communications department and filed with the BSE Limited (STOCK CODE: 500510) and the National Stock Exchange of India Limited (STOCK CODE: LT) on June 9, 2025.
