{"id":143546,"date":"2025-01-27T14:44:54","date_gmt":"2025-01-27T09:14:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=143546"},"modified":"2025-01-27T14:44:56","modified_gmt":"2025-01-27T09:14:56","slug":"bluechip-stock-in-focus-after-receiving-order-for-worlds-first-24-7-solar-and-battery-storage-project-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/bluechip-stock-in-focus-after-receiving-order-for-worlds-first-24-7-solar-and-battery-storage-project-in-abu-dhabi\/","title":{"rendered":"Bluechip stock in focus after receiving order for world&#8217;s first 24\/7 solar and battery storage project in Abu Dhabi"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2568350274\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the Bluechip stocks that specializes in engineering, procurement, and construction (EPC) services, upon being announced as a preferred EPC contractor for the world&#8217;s first 24\/7 solar PV and battery storage Gigascale project&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1388019271\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 4,75,485 crores on Monday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/LT\">Larsen &amp; Turbo Limited<\/a><\/strong> trading at Rs. 3,433 fell by 1.5 percent, making a low of Rs. 3,401.15 per share compared to its previous closing price of Rs. 3,458.20 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>Larsen and Turbo Ltd specialised in EPC services has been announced as a preferred EPC contractor for the North Site of the World&#8217;s First 24\/7 Solar PV and Battery Storage Gigascale Project which will be built in Abu Dhabi.\u00a0<\/p><p>Abu Dhabi Future Energy Company PJSC &#8211; Masdar, the UAE\u2019s clean energy leader, in collaboration with EWEC (Emirates Water and Electricity Company), announced at Abu Dhabi Sustainability Week (ADSW) that it is developing the Gigascale project, capable of delivering up to 1 gigawatt (GW) of baseload power 24 hours a day, seven days a week.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3629292390\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The project aims to deliver upto 1 gigawatt (GW) of continuous power, combining a 5.2GW solar photovoltaic plant with a 19GWh battery storage system, making it the largest globally. The project will be divided into two sites, north and south, amounting to 2.6GW and 9.5GWh PV capacity each.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary<\/strong><\/h2><p><strong>Mr. T. Madhava Das, full-time director &amp; Sr Executive Vice President (Utilities) &#8211; at Larsen &amp; Toubro,<\/strong> said:<strong> <\/strong>\u201cWe are happy that our trusted partnership with Masdar has culminated in such a coveted opportunity to advance the deployment of clean energy projects in the region. With our all-round capabilities in dispatchable renewable generation, power T&amp;D, and digital solutions we are deeply committed to delivering this ultra-mega project that fuels futuristic ambitions&#8221;.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company<\/strong><\/h2><p>Larsen &amp; Toubro (L&amp;T) is a leading Indian multinational engaged in engineering, procurement, and construction (EPC) projects, as well as hi-tech manufacturing and services. With a strong presence across multiple industries, L&amp;T has established itself as a global leader in infrastructure, energy, defense, and technology sectors<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s total revenue rose by 20.13 percent from Rs. 52,157 crore to Rs. 62,655 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs. 3,222.63 crore to Rs 3,395.29 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-content-10\" id=\"trade-1651586845\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2461116780\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article 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[&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":129661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[23409,10261,26523,948,936,3157,2597],"class_list":["post-143546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-larsen-toubro-news-2","tag-larsen-toubro-latest-news","tag-larsen-and-turbo-limited","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bluechip stock in focus after receiving order for world&#039;s first 24\/7 solar and battery storage project in Abu Dhabi<\/title>\n<meta name=\"description\" content=\"The 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