L&T wins Large order for 3000 MW Saidongar pumped storage project in Maharashtra

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Price reactionminutes from the announcement price · days from the prior close

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₹3890.00

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announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.2%-0.4% vs market

Civil Construction peers, median of 93sector-0.1%-0.5% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.5 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

L&T's Heavy Civil Infrastructure business has secured a Large order (Rs 2,500 to 5,000 Cr range) from Torrent Energy Storage Solutions to build the 3000 MW Saidongar-1 Pumped Storage Project in Raigad, Maharashtra, billed as India's biggest pumped storage project. Scope covers design, engineering, and execution of all civil and hydro-mechanical work for ten 300 MW units. The project aims to boost grid stability and energy storage capacity in Maharashtra.

Likely market impact

Adds a major infrastructure order to L&T's heavy civil backlog; reinforces leadership in pumped storage projects, positive for revenue visibility.