L&T Bags Key Order from JSW Energy for 1500 MW Pumped Storage Project in Maharashtra

Larsen & Toubro (L&T) announced on June 9, 2025, that its Heavy Civil Infrastructure (HCI) division has won a significant order from JSW Energy. The project involves developing the Bhavali Pumped Storage Project (PSP) in Maharashtra and is valued between ₹1,000 to ₹2,500 crore, as per L&T’s project classification.

Project Details

The Bhavali PSP is located across Nashik and Thane districts and is designed to generate 1500 MW of power through multiple units. L&T’s work includes all civil construction—from building approach roads and reservoirs to tunnelling and setting up an underground powerhouse.

Boost to India’s Renewable Energy Goals

Pumped storage projects like Bhavali play a crucial role in stabilising the electricity grid, especially as India increases its reliance on renewable energy. This project highlights L&T’s technical strength and its role in supporting sustainable infrastructure.

About Larsen & Toubro

L&T is a $30 billion Indian multinational engaged in engineering, procurement, construction (EPC), manufacturing, and services. With over 80 years of leadership, the company is known for executing complex infrastructure projects across geographies.

Read More: MCX Share Price Hits 52-Week High on June 9; Receives SEBI Nod to Launch Electricity Derivatives in India. 

Larsen & Toubro Share Price Performance

Larsen & Toubro share price closed at ₹3,679.00 on June 9, 2025, rising by ₹22.70 or 0.62% for the day. 

The stock has gained 6.83% in the past month, 3.82% over the past year, and an impressive 297.13% over the last five years. It hit a 52-week high of ₹3,963.50 and a low of ₹2,965.30 during the same period. The company currently has a market capitalisation of ₹5.06 lakh crore, a P/E ratio of 33.67, and offers a dividend yield of 0.92%.

Conclusion

The Bhavali PSP order marks another milestone for L&T in the renewable energy space. It not only strengthens L&T’s portfolio in hydroelectric infrastructure but also supports India’s vision for a green and stable energy future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.