Shares of this large-cap infrastructure company are in focus after securing a mandate to implement Energy Management Systems in South India and expand its portfolio in the United States.
Share Price Movement
In Monday’s trading session, the share price of Larsen & Toubro (L&T) surged 0.3 percent reaching an intra-day high of Rs.3,717.30 per share from its previous close of Rs.3,705.80 apiece. The share price has retreated since then and is currently trading at Rs.3,676.85 per share.
What is the news
On Monday, the Digital Energy Solutions (DES) division of Larsen & Toubro’s Power Transmission & Distribution (PT&D) business was awarded the task of developing and implementing Energy Management Systems at regional and state load dispatch centers across South India.
This order represents the latest in a series of digitally-driven intelligent projects being carried out by L&T DES worldwide.
As part of the Southern India order, Energy Management Systems and related software will be implemented across 12 control rooms for the Southern Regional Load Dispatch Centre (RLDC) and the State Load Dispatch Centers (SLDC) in Andhra Pradesh, Kerala, Puducherry, Tamil Nadu, and Telangana.
This integration will occur without disrupting the existing system. L&T DES will utilize power system applications from leading OEMs to monitor and control energy flow in real time, ensuring reliable grid operations. The upgrade will incorporate the L&T-Spark-CRIMTM (Control Room Integration Middleware) Platform for substation data integration.
The L&T DES team will upgrade a power and transmission control room in the western United States, featuring over 15 EMS hosts and advanced applications for real-time energy flow monitoring. The project aims to enhance grid reliability through improved situational awareness for operators and analysts.
Renewable Integration and Hybrid Energy Network
The L&T DES team is implementing the L&T-Spark-HECSTM (Hybrid Energy Management and Control System) to monitor and control a renewable hybrid plant in Bihar, featuring 185 MW of solar power and 254 MWh of energy storage capacity.
L&T DES in the USA, a center of excellence, offers advanced consulting and R&D for energy systems, including resilience planning, bulk power balancing, and cybersecurity compliance.
They will provide turnkey Balancing Authority (BA) services for a 300 MW solar project in the western U.S., ensuring NERC and WECC compliance. This project, managed by the HENOC facility in Fairfield, California, will enable optimized energy transactions beyond local utility boundaries.
Management Commentary
Commenting on the development Mr.T. Madhava Das, Full-time director & Senior Executive Vice President of Larsen & Toubro said: “In line with L&T’s ethos of technology for sustainable growth, and banking on our deep domain expertise in Power T&D and Renewable generation areas, we are happy to speed up the data-driven transition of our customers.”
Financials
In its Q1 FY25 financial results, Larsen & Toubro Ltd reported revenue of Rs.55,120 crore, reflecting a 15.11 percent increase from Rs.47,882 crore in the same quarter of the previous year. The Profit After Tax (PAT) grew by 11.3 percent to Rs.3,445 crore, up from Rs.3,096 crore in the corresponding quarter of the previous year.
Company Profile
Larsen & Toubro Ltd is a global conglomerate primarily focused on delivering engineering, procurement, and construction (EPC) solutions.
The company operates in several critical sectors, including Infrastructure, Hydrocarbon, Power, Process Industries, Defence, Information Technology, and Financial Services, serving both domestic and international markets.
Written by – Siddesh S Raskar
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