L&T shares surge over 1% following ₹1,000-2,500 crore BESS-integrated solar plant order win

Shares of Larsen & Toubro (L&T) surged as much as 1.30% to an intra-day high of ₹3,634.10 apiece on the National Stock Exchange (NSE) on Monday, August 4.

This follows the firm’s renewables business vertical, bagging a “significant” order for a Battery Energy Storage System (BESS)-integrated solar plant.

The engineering, procurement, and construction (EPC) order, worth ₹1,000-₹2,500 crore, is for the development of a grid-connected 116 MWac solar photovoltaic (PV) plant with integrated 241 MWh BESS at Kajra in Bhiar’s Lakhisarai district, L&T said in a regulatory filing.

The deployment of a four-hour BESS, along with intermittent solar generation, will enable energy time-shifting, a process that involves storing energy during off-peak hours when electricity is cheaper and discharging it during peak hours when energy prices are higher.

The advanced BESS solution will feature liquid cooling technology, ensuring high power density, improved safety, and extended operational life.

This project marks an extension of the earliest phase, increasing the total co-located storage capacity of the renewable generation sites at Lakhisarai to 495 MWh, the largest such project awarded by a state utility in India, L&T stated.

Last week, the Mumbai-headquartered company bagged an “ultra-mega” order valued at over ₹15,000 crore from a “prestigious client” in the Middle East.

The firm’s hydrocarbon offshore business vertical, L&T Energy Hydrocarbon Offshore, secured the order comprising multiple offshore packages, with a scope that includes engineering, procurement, construction, and installation of offshore structures, along with the upgradation of existing facilities, L&T said in a separate filing last Tuesday.

L&T stock was trading 1% higher at ₹3,623.40 per equity share, at around 1:23 pm.

The engineering company has a total market capitalisation of ₹4.98 lakh crore, as of August 4, 2025, as per data on the NSE.