L&T shares rise on securing framework agreement with TenneT for 2 GW offshore wind program worth over ₹15,000 crore

According to a regulatory filing, the programme is ultra-mega in nature, and as per L&T’s classification, that translates to an order worth over ₹15,000 crore.

L&T, in consortium with Hitachi Energy, entered into an FCA covering, in principle, six projects and future opportunities under TenneT’s ambitious 2-GW high-voltage direct current (HVDC) programme.

The framework is designed to support large-scale integration of offshore renewable energy and accelerate Europe's transition towards a sustainable and decarbonised clean energy future, the filing stated.

As part of the programme, the consortium will continue executing two ongoing projects, IJmuiden Ver Alpha and Nederwiek 1, in the Netherlands.

In addition, the consortium will commence two new projects, Nederwiek 3 in the Netherlands and LanWin 5 in Germany. Together, these projects represent a cumulative transmission capacity of eight GW operating at 525 kilovolts (kV).

The projects will enable the transfer of renewable energy generated in the Dutch and German sectors of the North Sea to the onshore power grids, the company stated.

Under the engineering, procurement, construction and installation scope, L&T will execute the offshore converter platforms and associated infrastructure, with Hitachi Energy providing its HVDC Light technology for efficient power conversion and transmission.

“Combining L&T’s offshore engineering and project execution expertise with Hitachi Energy’s advanced power transmission capabilities, the consortium is uniquely positioned to deliver reliable HVDC infrastructure that will accelerate Europe’s renewable energy transition and support its decarbonisation goals,” the company said.

Q1 results today

Engineering procurement and construction (EPC) giant L&T will announce its latest set of earnings data for the April-June quarter of the financial year 2026-27 today, on July 28.

In an exchange filing, L&T had said, "A meeting of the Board of Directors of the Company will be held on Tuesday, 28th July 2026, inter-alia, to consider and approve the unaudited consolidated and standalone financial results of the Company for the quarter ended 30th June 2026."

The conglomerate has not revealed the time to release its earnings. However, in Q4 FY26, results were released post-market hours.

Shares of L&T were trading in the green, at ₹3,813 per unit, up 0.18% on the National Stock Exchange (NSE), at around 10:47 AM.

During early trade, the stock surged as much as 0.45% to hit an intraday high of ₹3,823.40 per equity share.

L&T has a total market capitalisation of ₹5.24 lakh crore as of July 28, 2026, according to data on the NSE.