L&T Secures Ultra-Mega Framework Agreement with TenneT for 2 GW Offshore Wind Programme
Larsen & Toubro Limited (L&T) has concluded a Framework Cooperation Agreement (FCA) with TenneT, establishing a partnership to support an ambitious 2 GW offshore wind programme. The agreement involves L&T, in consortium with Hitachi Energy, and is designed to accelerate Europe's transition toward a sustainable and decarbonised clean energy future by supporting the large-scale integration of offshore renewable energy.The FCA covers six projects and future opportunities within TenneT's 2 GW HVDC programme. The existing projects under the agreement include IJmuiden Ver Alpha and Nederwiek 1 in the Netherlands. Additionally, the consortium will commence two new initiatives: Nederwiek 3 in the Netherlands and LanWin 5 in Germany.
These combined projects represent a cumulative transmission capacity of 8 GW operating at 525 kV. The successful completion of these projects will enable the transfer of renewable energy generated in the North Sea's Dutch and German sectors to onshore power grids.
L&T is responsible for executing the offshore converter platforms and associated infrastructure within the engineering, procurement, construction and installation scope. Hitachi Energy will contribute its HVDC Light technology, which facilitates efficient power conversion and transmission. The consortium leverages L&T's expertise in offshore engineering and project execution alongside Hitachi Energy's advanced power transmission capabilities to deliver reliable HVDC infrastructure for Europe’s renewable energy goals.
L&T's Offshore Wind business vertical is supported by its multidisciplinary engineering expertise, housed in its engineering centre of excellence in India and Sharjah, UAE. The company maintains a robust supply chain ecosystem and world-class modular fabrication facilities located in Kattupalli, India. These strengths ensure the delivery of complex offshore structures adhering to high standards of safety, quality, and sustainability.
This significant programme further strengthens L&T’s international presence, positioning the company at the forefront of developing sustainable offshore energy infrastructure necessary for a net-zero future.
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Corporate Profile Summary
Larsen & Toubro is an Indian multinational with a valuation of USD 32 billion, engaged in EPC Projects and Hi-Tech Manufacturing, Products and Services across multiple geographies. The company has maintained leadership in its major lines of business for eight decades, driven by a customer focused approach, commitment to top-class quality, and strong impetus towards AI and technology.The scale classification framework provided is as follows:
| Classification | Significant | Large | Major | Mega | Ultra-Mega |
|---|---|---|---|---|---|
| Value in ₹ Cr | 1,000 to 2,500 | 2,500 to 5,000 | 5,000 to 10,000 | 10,000 to 15,000 | >15,000 |
LT Stock Price Movement
Shares of Larsen & Toubro are edging higher to ₹3821.8 as of 9:25 AM today, climbing by 0.42% in live trading. The stock remains within its daily range, which spans from a low of ₹3801 up to an intraday high of ₹3823.4.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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