L&T Secures Contract for 3000 MW Pumped Storage Project
Filing Summary
Larsen & Toubro Limited’s Heavy Civil Infrastructure business has secured a contract from Torrent Energy Storage Solutions Pvt Ltd for the construction of a 3000 MW pumped storage project in Raigad, Maharashtra. The project, known as the Saidongar-1 Pumped Storage Project, will consist of ten units of 300 MW each. The contract involves design, engineering, and execution of civil and hydro-mechanical jobs. This project is classified as a “Large” order, valued between INR 2500 crore and INR 5000 crore.
Larsen & Toubro Limited’s Heavy Civil Infrastructure business has secured a contract from Torrent Energy Storage Solutions Pvt Ltd for the construction of the 3000 MW Saidongar-1 Pumped Storage Project in Raigad, Maharashtra. The project will consist of ten units, each with a capacity of 300 MW.
The scope of the contract includes the design, engineering, and execution of all civil and hydro-mechanical jobs associated with the project. This order is classified as “Large,” indicating a value between INR 2500 crore and INR 5000 crore.
The Saidongar-1 Pumped Storage Project is intended to enhance grid reliability and energy security in Maharashtra. Pumped storage projects like this one are designed to store surplus energy and release it during periods of high demand, thereby providing a reliable solution for grid stability.
Torrent Energy Storage Solutions Pvt Ltd, previously known as Torrent PSH 3 Pvt Ltd, is focused on developing energy storage solutions. The company aims to contribute to energy security and grid stability through such projects.
Larsen & Toubro Limited is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services. The company operates across multiple geographies and focuses on delivering complex projects with engineering excellence and timely execution. L&T has maintained leadership in its major lines of business for eight decades.