L&T arm bags major order worth up to ₹10,000 crore for thermal power plants in Jharkhand; stock trades lower

The project includes two 800 MW ultra-supercritical thermal power generating units in Jharkhand. In a regulatory filing, L&T said DVCCIL will issue the notice to proceed once the project secures requisite environmental clearances and the LNTP period is completed.  

The infrastructure major classifies major orders between ₹5,000 crore and ₹10,000 crore.

L&T’s scope includes the design, engineering, manufacturing, supply, erection, testing and commissioning of boilers, steam turbines, generators and electrostatic precipitators (ESPs), along with associated mechanical, electrical, control and instrumentation and civil works.

The deployment of ultra-supercritical technology will enable higher thermal efficiency and lower specific emissions, thereby supporting reliable and efficient power generation. With an installed capacity of 1,600 MW, the Chandrapura project will make a significant contribution to the country’s growing electricity-generation capacity and help meet the increasing power requirements arising from industrial expansion and economic development.

“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,” said T. Madhava Das, Senior Executive Vice President & Wholetime Director—Energy Hydrocarbon, L&T.

The project also underscores the continued role of high-efficiency thermal power generation in India’s evolving energy mix. As India’s electricity demand continues to rise, advanced thermal technologies can play an important role in providing reliable baseload power while improving efficiency and environmental performance.

L&T Energy CarbonLite Solutions, a business vertical of L&T, is uniquely positioned to combine rich and diverse strands of experience in engineering, manufacturing and project execution with a strong focus on providing solutions for power and low-carbon processes.

For the quarter ended June 30, 2026 (Q1 FY27), L&T secured orders worth ₹1.08 lakh crore, registering a YoY growth of 14%, with significant order wins being achieved across multiple businesses such as residential & commercial buildings, transportation infrastructure, ferrous metals, offshore wind, and the heavy engineering businesses.

The Group’s consolidated order book as of June 30, 2026, was at ₹7.79 lakh crore, reflecting a 5% growth over the order book as of March 31, 2026. The international orders constituted 52% of the overall order book.

L&T share price trends

The stock has declined over 1.4% to touch an intraday low of ₹3,715 per share on Wednesday. At 12:20 PM, L&T shares were trading at ₹3,715.7 apiece on the National Stock Exchange, falling 1.44%.

From the beginning of the year, L&T shares have declined 10%. Over a month’s time, the stock has slipped 7%.

Shares of the firm had hit a 52-week high of ₹4,440 on February 24, 2026, and a 52-week low of ₹3,288.10 on March 23, 2026.

According to NSE data, as of October 7, 2026, L&T has a total market capitalisation of ₹5.12 lakh crore.