Introduction:
Leading EPC contractor has been selected for the north site of the world’s first 24/7 solar PV and battery storage gigascale project in Abu Dhabi. The project, developed by Masdar and EWEC, will provide 1GW of baseload power.
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Share price movement of L&T:
On January 27, 2025, Larsen & Toubro Ltd. opened at ₹3,454.60, down 0.09% from its previous close of ₹3,457.75. The stock reached a high of ₹3,493.00 and a low of ₹3,402.00. By 12:43 PM, it traded at ₹3,425.00, a 0.95% decrease, with a market cap of ₹4,70,982.24 crore.
L&T Selected for World’s Largest Solar Project:
Larsen & Toubro (L&T) has been selected as a preferred EPC contractor for the north site of the world’s first 24/7 solar PV and battery storage gigascale project in Abu Dhabi. The announcement was made during Abu Dhabi Sustainability Week.
The project, developed by Masdar in collaboration with EWEC, will be capable of delivering 1GW of baseload power, featuring a 5.2GW solar PV plant and a 19GWh battery energy storage system (BESS), making it the largest of its kind globally.
L&T’s Renewables business vertical will handle the EPC work for the north site, with a combined 2.6GW solar and 9.5GWh BESS capacity. The Letter of Award was signed at ADSW in the presence of senior officials from Masdar and L&T.
Recent news on L&T:
As of January 21, 2025, L&T Finance Holdings reported a net profit of ₹626.4 crore for Q3 FY25, down 2.1% YoY. Net interest income rose 11.4% to ₹2,041 crore, although it missed analysts’ expectations.
Stock performance of L&T for Period of 1 week, 6 months and 1 year:
Larsen & Toubro Ltd. has experienced a decline in performance, with a 1-week return of -3.75%, a 6-month return of -9.35%, and a 1-year return of -3.76%, reflecting a challenging period for the company’s stock.
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Shareholding pattern of L&T:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 0.00% | 0.00% | 0.00% |
| FII | 21% | 21.70% | 22.90% |
| DII | 42.00% | 40.80% | 39.30% |
| Public | 37.20% | 37.50% | 37.90% |
About L&T:
Larsen & Toubro Ltd. (NSE: LT) is a multinational conglomerate offering engineering, procurement, and construction (EPC) solutions across sectors like Infrastructure, Hydrocarbon, Power, Defence, IT, and Financial Services, serving both domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
