Larsen & Toubro (L&T) announced on Wednesday, 7 October that its Energy CarbonLite Solutions arm has secured a Limited Notice to Proceed (LNTP) order from DVC CIL Power Private, a joint venture of Damodar Valley Corporation and Coal India. The order covers two 800 MW ultra‑supercritical thermal power generating units in Jharkhand, with the project’s total capacity of 1,600 MW. L&T will design, engineer, manufacture, supply, erect, test and commission boilers, steam turbines, generators, electrostatic precipitators and associated mechanical, electrical, control, instrumentation and civil works. The deployment of ultra‑supercritical technology will enable higher thermal efficiency and lower specific emissions, supporting reliable and efficient power generation.

L&T stated in a regulatory filing that DVC CIL will issue the notice to proceed only after the project secures the requisite environmental clearances and the LNTP period is completed. The company classifies major orders between ₹5,000 crore and ₹10,000 crore, placing this contract within that bracket. The project, named Chandrapura, is expected to contribute significantly to India’s growing electricity‑generation capacity and help meet the increasing power requirements arising from industrial expansion and economic development.

T. Madhava Das, Senior Executive Vice President & Whole‑time Director—Energy Hydrocarbon at L&T, said, “Being developed by DVC CIL Power Private Ltd, the project strengthens our association with leading public‑sector power utilities and will contribute meaningfully to meeting the country’s growing power requirements. We look forward to supporting the successful execution of this important project.” He added that the project underscores the continued role of high‑efficiency thermal power generation in India’s evolving energy mix. As electricity demand rises, advanced thermal technologies can play an important role in providing reliable baseload power while improving efficiency and environmental performance.

For the quarter ended 30 June 2026 (Q1 FY27), L&T secured orders worth ₹1.08 lakh crore, registering a year‑on‑year growth of 14 %. Significant order wins were achieved across multiple businesses such as residential & commercial buildings, transportation infrastructure, ferrous metals, offshore wind, and heavy engineering. The Group’s consolidated order book as of 30 June 2026 stood at ₹7.79 lakh crore, reflecting a 5 % growth over the book as of 31 March 2026. International orders constituted 52 % of the overall order book.

L&T shares fell 1.4 % to touch an intraday low of ₹3,715 per share on Wednesday. At 12:20 PM, the shares traded at ₹3,715.7 on the National Stock Exchange, down 1.44 %. From the beginning of the year, L&T shares have declined 10 %, and over a month’s time the stock has slipped 7 %. The firm’s 52‑week high was ₹4,440 on 24 February 2026, and the 52‑week low was ₹3,288.10 on 23 March 2026.

As of 7 October 2026, L&T has a total market capitalisation of ₹5.12 lakh crore, according to NSE data. The article is written purely for informational purposes and should not be considered investment advice. Securities mentioned are illustrative and not recommendations. Readers are advised to consult a financial advisor before making any investment decisions. The company’s performance remains subject to market volatility.