L&T Bags Rs 5,000 Crore Order for India's Largest Pumped Storage Project
Overview
Larsen & Toubro (L&T) has secured a major contract worth up to Rs 5,000 crore for India's largest pumped storage project in Maharashtra. The 3,000 MW Saidongar-1 facility is set to enhance grid stability and support the nation's renewable energy integration goals.
Stocks Mentioned
Major Infrastructure Win for L&T
Larsen & Toubro's (L&T) Heavy Civil Infrastructure business vertical has clinched a substantial order valued between Rs 2,500 crore and Rs 5,000 crore. This contract is for the construction of Saidongar-1 Pumped Storage Project (PSP) in Raigad, Maharashtra, set to become India's largest such facility.
Project Scope and Strategic Importance
The 3,000 MW Saidongar-1 PSP, awarded by Torrent Energy Storage Solutions, will comprise ten 300 MW units. Its completion is anticipated to significantly bolster grid reliability and strengthen energy security across Maharashtra and potentially other regions.
Enabling India's Clean Energy Ambitions
Pumped storage projects like Saidongar-1 are crucial for grid stability. They store surplus electricity generated during off-peak hours and discharge it when demand surges, offering a flexible and dependable solution for peak power management. This infrastructure development also directly supports India's long-term decarbonisation objectives by facilitating the seamless integration of intermittent renewable energy sources into the national grid.
Reinforcing L&T's Infrastructure Prowess
The company highlighted in its BSE filing that this order is a strong validation of L&T’s extensive capabilities in executing complex hydroelectric and pumped storage projects of national significance. With a history of engineering excellence and adherence to world-class safety standards, L&T reaffirms its leadership position in providing large-scale, high-capacity pumped storage solutions. Earlier this month, L&T also secured a significant order worth Rs 1,000–2,500 crore for a cable-stayed bridge in West Bengal.
