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What happened
Larsen & Toubro’s heavy civil infrastructure business secured a ‘large’ order from Torrent Energy Storage Solutions Pvt Ltd for construction of the 3000 MW Saidongar-1 Pumped Storage Project in Maharashtra. The project has ten units of 300 MW each and is termed India’s biggest pumped storage project. The scope includes design, engineering, and execution of all civil and hydromechanical works for the pumped storage construction. The project is expected to enhance grid reliability and energy security for Maharashtra and beyond.
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Key insights
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Order size definition: L&T classifies an order value between Rs 2,500 crores and Rs 5,000 crores as ‘large’.
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Role of pumped storage: Pumped storage infrastructure stores surplus energy and releases it during high-demand periods to support grid stability and meet peak power demand.
Takeaways
L&T has a ‘large’ contract to deliver civil and hydromechanical works for the 3000 MW Saidongar-1 pumped storage project in Maharashtra for Torrent Energy Storage Solutions.