Announced Tue, 28 Jul · 09:14 IST
L&T wins Ultra-Mega TenneT order for 2 GW offshore wind programme
LT · price
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Price reaction · full curve 14 horizons · vs prior close
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₹3807.00
prior close
₹3812.00
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AI summary
L&T, with Hitachi Energy, won a Framework Cooperation Agreement (Ultra-Mega, above Rs 15,000 Cr) from TenneT for a 2 GW offshore wind programme. It covers six projects including two ongoing (IJmuiden Ver Alpha, Nederwiek 1) and two new (Nederwiek 3, LanWin 5), totalling 8 GW transmission capacity at 525 kV. L&T will build offshore converter platforms. The order strengthens L&T's European energy footprint.
Likely market impact
Major export order in hard currency for L&T's offshore wind vertical; strengthens international order book and supports medium-term revenue visibility.