L&T, GA-ASI to Manufacture Combat-Proven Drones in India Under Atmanirbhar Bharat Push

L&T and the US-headquartered General Atomics Aeronautical Systems, Inc. (GA-ASI) have entered into a strategic partnership to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces.

GA-ASI, a global leader in advanced unmanned aerial systems, brings decades of operational expertise; L&T brings extensive engineering, precision manufacturing and system integration capabilities in defence and aerospace.

L&T and GA-ASI together will deliver the combat-proven MALE RPAS platforms, manufactured entirely in India. This programme incorporates critical technology transfers and fulfilling indigenous content requirements aligned with Government of India’s Atmanirbhar Bharat and Make in India initiatives.

Under this partnership, L&T will participate in the upcoming 87 MALE RPAS programme of the Ministry of Defence, where L&T will be the prime bidder and GA-ASI the technology partner. The collaboration will enable the production of GA-ASI’s MQ-series RPAS that are combat proven. These are widely operational across the globe with millions of flight hours in surveillance and strike missions.

The partnership marks a significant milestone in India’s pursuit of a self-reliant defence ecosystem, strengthening Indo-US defence collaboration and fostering a competitive, globally integrated aerospace manufacturing base.

Commenting on the development, S N Subrahmanyan, Chairman & Managing Director, L&T, said: “This partnership offers India a unique opportunity to manufacture state-of-the- art unmanned platforms indigenously. We are proud to join hands with GA-ASI, a recognised world leader in this domain, and are confident that this alliance will significantly enhance India’s defence capabilities and advance self-reliance in aerospace technologies”.

Dr Vivek Lall, Chief Executive, General Atomics Global Corporation, said: "We are honoured to serve the Indian market in partnership with Larsen & Toubro, a trusted and capable leader in India’s defence sector. This collaboration exemplifies our commitment to supporting India’s vision for self-reliance and indigenous manufacturing in aerospace. By combining GA-ASI’s proven technology with L&T’s robust manufacturing expertise, we aim to deliver cutting-edge MALE RPAS solutions that will enhance the operational readiness of the Indian armed forces and contribute to a strong, sustainable defence ecosystem in India".

ACWA Power and L&T Unite for Saudi’s Yanbu Green Hydrogen Megaproject

In a important step toward advancing Saudi Arabia’s clean energy ambitions, Saudi Arabia based ACWA Power and India's Larsen & Toubro (L&T) have signed a Memorandum of Understanding (MoU) to collaborate on the renewables and grid infrastructure for the Yanbu Green Hydrogen Hub, one of the world’s largest green ammonia projects.

ACWA Power is a key player in Saudi Arabia’s Vision 2030, driving large-scale renewable energy projects and green hydrogen initiatives. It often partners with global firms and sovereign entities to deliver sustainable infrastructure at scale.

The agreement was formalized between ACWA Power and L&T’s Renewables arm (RENU), outlining joint development of critical components including solar photovoltaic systems, wind energy installations, battery energy storage systems (BESS), and high-voltage substations and transmission lines.

A Catalyst for Global Decarbonization

The Yanbu Green Hydrogen Hub is designed as a fully integrated facility powered entirely by renewable energy, aligning with Saudi Arabia’s Vision 2030 and its commitment to global climate goals. Once operational, the hub will produce green ammonia for export, supporting international decarbonization efforts.

“This project underscores Saudi Arabia’s leadership in the global energy transition,” said Marco Arcelli, CEO of ACWA Power. “We are proud to partner with L&T to deliver a facility that will help countries meet their net-zero targets.”

T Madhava Das, Whole-Time Director and Senior Executive Vice President at L&T, emphasized the strategic importance of the region: “Saudi Arabia’s competitive renewable energy landscape and its geographic advantage along the India–Middle East–Europe corridor make it a pivotal player in the clean energy economy.”

Next Steps: Toward EPC Execution

Following the MoU, L&T is expected to enter into an Engineering, Procurement, and Construction (EPC) contract, subject to final proposal approvals. The collaboration marks a deepening of ties between Indian and Saudi energy stakeholders, reinforcing regional cooperation in sustainable infrastructure.

L&T Ships First Steam Generator for Haryana Nuclear Power Plant Ahead of Schedule, Boosting India’s Nuclear Energy Drive

Marking yet another milestone in India’s civil nuclear energy programme, L&T Heavy Engineering has despatched a Steam Generator to the Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP), located in Fatehabad district, Haryana.

The Steam Generator was ceremonially flagged off from L&T’s state-of-the-art manufacturing facility at Hazira in Gujarat, in the presence of NPCIL Chairman & Managing Director Mr Bhuwan Chandra Pathak, Director (Technical) Mr Rajesh Veeraraghavan along with other senior officials of NPCIL and L&T.

This is first of the four Steam Generators that L&T is manufacturing for GHAVP and is meant for its Unit 3 & 4. Notably, the Steam Generator has been despatched seven months ahead of schedule, reinforcing L&T’s reputation for excellence and reliability in nuclear manufacturing.

GHAVP 3&4 are a part of the ten indigenous 700 MWe Pressurised Heavy Water Reactors (PHWRs) being set up in the country in fleet mode by NPCIL.

Speaking at the flag-off ceremony, NPCIL CMD Mr Pathak said:

With a remarkable technology transformation, L&T Heavy Engineering has enhanced both speed and quality of its execution. This is a strong indication of industry preparedness in manufacturing of critical equipment for nuclear power plants and will go a long way to achieve the target of 100 GWe by 2047

Mr Anil V Parab, Whole-time Director and Senior EVP (Heavy Engineering and Construction Equipment & Industrial Product Design Development, L&T) said: “Heavy Engineering continues to be the industry trendsetter in the manufacture of critical nuclear components. With end-to-end capability as one-stop-shop solution provider, L&T will be a major contributor to India’s 100 GWe nuclear programme of Viksit Bharat - 2047”.

L&T set a global benchmark by delivering a Steam Generator in just 33 months. L&T has till date delivered 5 steam generators for the 10 X 700 MWe fleet programme.

Background:

Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. A strong, customer–focussed approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

APM Terminals Pipavav Signs Key Contracts to Advance Liquid Cargo Jetty, Reinforcing Gujarat’s Maritime Vision

In a firm step toward fulfilling its commitment made at the Vibrant Gujarat Global Summit 2024, APM Terminals Pipavav has formalised two significant contracts to accelerate the construction of a dedicated liquid cargo jetty (Berth 6), solidifying its role in India’s maritime growth story.

APM Terminals Pipavav has signed a contract with L&T Geostructure Pvt. Ltd. for the construction of the new liquid jetty and related marine infrastructure. In parallel, Van Oord India Pvt. Ltd. has been engaged for capital dredging and reclamation works essential to the project’s execution.

The signing ceremony was held in the presence of Shri Rajkumar Beniwal, IAS, Vice Chairman & CEO of the Gujarat Maritime Board, at GIFT City, Gandhinagar, emphasizing the State’s continued support for port-led development and infrastructure expansion.

Speaking on the occasion, Mr. Girish Aggarwal, Managing Director, APM Terminals Pipavav, said, “APM Terminals Pipavav remains committed to the Gujarat, its people, and its progress. The signing of these strategic contracts is a reflection of our intent to transform investment into impact. With the continued support of the Gujarat Maritime Board, we are advancing infrastructure that not only strengthens the state’s maritime capabilities but also fulfils the vision we set forth at the Vibrant Gujarat Global Summit.”

The upcoming liquid jetty is expected to significantly boost the port’s capabilities in handling diversified cargo, while also improving service reliability and future-proofing operations. Beyond infrastructure, the project is poised to generate employment, attract industrial investments, and catalyse regional development around the Pipavav Port corridor.

APM Terminals Pipavav is one of India’s leading gateway ports for containers, dry bulk cargoes, liquid bulk, and RoRo with excellent connectivity to the India’s northwest hinterland through rail and road network. The current annual cargo handling capacity includes 1.35 million TEUs of containers, 4 million metric tons of dry bulk, with a dedicated liquid berth coming up the capacity will be increased to 5.2 million metric tons of liquid bulk and 250,000 passenger cars. APM Terminals Pipavav is India’s first public private partnership (PPP) port and the first port to be connected to the DFC in India and is a part of the APM Terminals global terminal network.

L&T Finance Posts Rs. 701 Cr PAT in Q1 FY26; Retail Book Hits ₹99,816 Cr, Exceeds Lakshya 2026 Goal

• Retail Disbursements at Rs. 17,522 Crore, up 18% YoY, for the first quarter ended June 30, 2025
• The first quarter ended June 30, 2025, witnessed successful integration of the acquired Gold Loan portfolio and roll out of ‘Project Cyclops’ in SME Finance

L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded consolidated Profit After Tax (PAT) of Rs. 701 Crore, up 10% QoQ and 2% YoY for the first quarter ended June 30, 2025. During the quarter, LTF achieved a milestone of highest-ever consolidated book of Rs. 1,02,314 Crore, up 15% YoY. The retail book size during the quarter reached Rs. 99,816 Crore, up 18% YoY. The Company has recorded quarterly retail disbursement of Rs. 17,522 Crore for the first quarter ended June 30, 2025, up 18% YoY. Retailisation stood at 98% for the quarter ended June 30, 2025, exceeding Lakshya 2026 target.

Debut Investment Grade Credit Rating has been assigned to LTF by international rating agencies (S&P Global Ratings and Fitch Ratings). S&P Global Ratings has assigned LTF “BBB-” long-term and “A-3” short-term issuer credit rating. The outlook on the long-term rating is Positive. Fitch Ratings has assigned LTF long-term foreign and local currency Issuer Default Ratings (IDR) of “BBB-” with a Stable outlook. These long-term ratings are investment grade and are at par with India’s Sovereign Credit Rating. This will enable the Company to tap global capital markets and further diversify its liability franchise and deepen investor base.

‘Project Cyclops’, in-house developed proprietary credit underwriting engine by LTF, has been rolled-out for SME Finance and its advanced version is implemented in Two-wheeler Finance.

The Company’s customer-facing PLANET app, which has emerged as a powerful digital channel for customers, crossed more than 1.86 Crore downloads as on date, comprising more than 16.7 Lakh downloads on the rural side. As of date, this channel has done collections of over Rs. 4,800 Crore while servicing around 7.85 Crore requests and has sourced loans of over Rs. 15,500 Crore. The Company has launched a revamped customer-centric website and the next-generation PLANET 3.0.

Commenting on the financial results, Mr. Sudipta Roy, Managing Director & CEO, LTF said, “In a challenging quarter, our Company remained focused on outcomes and achieved a resilient performance while showcasing our ability to manage market headwinds. This performance is on the back of our commitment to sourcing creditworthy customers backed by technology and robust credit guardrails, while keeping a strong focus on collection efficiency across businesses. Our impetus remains on risk calibrated business growth with a sharp focus on a strong asset quality, laying the foundation for a sustainable and predictable growth going forward.

In the quarter, we achieved the highest-ever consolidated book of over Rs. 1 Lakh Crore milestone and added a secured high yield product to our loan portfolio i.e., Gold Loan. Our company has been assigned a debut investment grade credit rating of “BBB-/Positive” by S&P Global Ratings and “BBB-/Stable” by Fitch Ratings. This rating will serve as a foundation for further diversifying our liability franchise by accessing financing opportunities across the global capital markets. Our AI-driven next-gen digital credit engine, ‘Project Cyclops’ is starting to yield early dividends in our Two-wheeler finance business, and during the quarter, ‘Project Cyclops’ was scaled up in Farm business and launched in the SME finance business. We remain focused on continuously strengthening our risk and credit frameworks, which will serve us well in times to come.”

Key Highlights:

Robust Retail Franchise:

The Company’s granular and deep pan-India Retail franchise is led by its strong distribution capabilities namely, its geographic presence in around 2 Lakh villages from around 2,089 rural meeting
centers/branches and 407 branches across urban centers. This extensive geographic presence is also supported by over 13,000 distribution points built over a decade. The Company also leverages
over 2.6 Crore of its customer database to drive a credible cross-sell and up-sell franchise contributing 35% of the Company’s repeat disbursements share in value and 49% in count during Q1FY26.
Building a diversified retail franchise:

Rural Business Finance:

• Q1FY26 disbursements at Rs. 5,618 Crore vs. Rs. 5,773 Crore, down 3% YoY
• Book size at Rs. 26,616 Crore vs. Rs. 25,887 Crore, up 3% YoY

Farmer Finance:

• Q1FY26 disbursements at Rs. 2,200 Crore vs. Rs. 1,903 Crore, up 16% YoY
• Book size at Rs. 15,756 Crore vs. Rs. 14,204 Crore, up 11% YoY

Two-wheeler Finance:

• Q1FY26 disbursements at Rs. 2,128 Crore vs. Rs. 2,621 Crore, down 19% YoY
• Book size at Rs. 12,331 Crore vs. Rs. 12,025 Crore, up 3% YoY

Personal Loans:

• Q1FY26 disbursements at Rs. 1,942 Crore vs. Rs. 1,178 Crore, up 65% YoY
• Book size at Rs. 9,383 Crore vs. Rs. 6,667 Crore, up 41% YoY

Housing Loans and Loans Against Property:

• Q1FY26 disbursements at Rs. 2,780 Crore vs. Rs. 2,245 Crore, up 24% YoY
• Book size at Rs. 26,464 Crore vs. Rs. 19,961 Crore, up 33% YoY

SME Finance:

• Q1FY26 disbursements at Rs. 1,273 Crore vs. Rs. 978 Crore, up 30% YoY
• Book size at Rs. 6,964 Crore vs. Rs. 4,471 Crore, up 56% YoY
• During the quarter, LTF launched a Business Loan campaign with the tagline, ‘Aapke Business Ka Game Changer’ featuring Indian cricketer Jasprit Bumrah. The campaign highlighted how the Business Loan is offered through a digital application process for quick and efficient funding, it has a rapid disbursal providing timely capital, and an app-based withdrawal facility offering flexible cash flow management.

L&T Wins (Significant*) Orders from Rajasthan's Public Health Engg. Deptt.

The Water & Effluent Treatment (WET) business vertical of L&T has secured significant orders from the Public Health Engineering Department of Rajasthan.

It has won an EPC order for the Rajasthan Rural Water Supply and Fluorosis Mitigation Project – Phase II, Package-1. The scope encompasses supply & installation of 5,251-km transmission and distribution pipelines, construction of 38 ground level reservoirs with an aggregate capacity of 40 ML, 20 pump houses and 132 overhead service reservoirs with an aggregate capacity of 25 ML.

According to the company’s classification of projects, the value of the order is between ₹1,000 to ₹2,500 crores.

The project is aimed at meeting the demand for water in 285 villages and the towns of Surajgarh and Udaipurwati in Jhunjhunu district.

Another project won by the business vertical pertains to strengthening and rehabilitation of the water supply system on the Kekri-Sarwar sector in Ajmer district. The scope of the project includes the supply & installation of 43-km transmission pipelines.

Associated electromechanical, instrumentation, automation and SCADA works, 1 year defects liability period and 10 years operations & maintenance are also in the scope of both the projects.

These repeat orders is a testament to L&T’s capabilities in the execution of water infrastructure projects. L&T has so far delivered 24 such water projects alone in Rajasthan.

L&T-Cloudfiniti and QpiAI Partner to Drive Quantum Computing Workloads Including Quantum Computing as a Service (QCAAS)

To revolutionise the quantum computing landscape globally, L&T-Cloudfiniti has forged a strategic partnership with Bengaluru-based deep-tech company QpiAI. The collaboration will focus on driving quantum computing workloads, including Quantum Computing as a Service (QCAAS), enabling scalable deployment of quantum solutions across domains.

L&T-Cloudfiniti and QpiAI will explore collaborative opportunities under India’s National Quantum Mission. QpiAI is the company that has built Indus, India's most powerful 25-qubit quantum computer. Going forward, they will offer 256-qubit quantum computer, followed by a fault-tolerant quantum computer with 100 logical qubits, thus opening up large-scale commercial applications.

Combining L&T’s industry leadership with QpiAI’s technical capabilities, the two companies will initiate and execute joint R&D programmes focussed on next-generation solutions at the intersection of artificial intelligence and quantum computing. This will lead to the development of innovative solutions that address complex challenges across domains, including finance, healthcare, logistics and more.

Commenting on the collaboration, Ms Seema Ambastha, Chief Executive, L&T Cloudfiniti, stated: “We are thrilled to partner with QpiAI to drive quantum computing workloads globally. This collaboration will leverage our cloud infrastructure to host and execute quantum algorithms, enabling scalable deployment of quantum solutions across domains. Together, we aim to deliver innovative and efficient solutions to our customers and enhance operational efficiency.”

Dr Nagendra Nagaraja, CEO, QpiAI, added: “The collaboration with L&T-Cloudfiniti marks a significant milestone in the advancement of quantum computing technology. By combining our technical expertise with L&T’s industry leadership, we are poised to drive innovation and deliver cutting-edge solutions to our customers. We are excited about the opportunities this partnership will bring under India’s National Quantum Mission.”

The partnership marks a significant milestone in the advancement of quantum computing technology and its application across industries.

L&T Achieves Breakthrough in India’s Longest Rail Tunnel on Rishikesh-Karnaprayag Rail Line

Larsen & Toubro has achieved the breakthrough in India’s longest railway tunnel – the 14.57 km Tunnel No. 8 – on the 125-km Rishikesh-Karnaprayag Broad Gauge Rail Link Project of Rail Vikas Nigam Limited (RVNL). Tunnel No. 8 stretches between Devprayag and Janasu in Uttarakhand.

The breakthrough was achieved using a state-of-the-art Single-Shield Tunnel Boring Machine (TBM) named Shakti, of 9.11m diameter, which is also the largest TBM to be deployed in the Himalayan region. Excavating at an average rate of 413 meters per month, 10.4 km of the tunnel was completed with TBM. The New Austrian Tunnelling Method (NATM) was used to complete the remaining 4.11 km of the tunnel.

Celebrating the milestone, Union Railway Minister Mr Ashwini Vaishnaw, in the presence of Uttarakhand Chief Minister Mr Pushkar Singh Dhami, described the achievement as “a testament to India’s engineering strength and the commitment to enhancing railway infrastructure in even the most difficult terrains.”

Chief Minister Mr Dhami highlighted the tunnel’s potential to revolutionise Uttarakhand’s socio-economic landscape by enhancing connectivity to remote areas, boosting tourism and economic growth.

"This significant breakthrough in one of the most challenging terrains, reflects our commitment and strong collaboration between our client RVNL," said Mr S V Desai, Whole- Time Director & Senior Executive Vice President (Civil Infrastructure), L&T. "This milestone fosters a deep sense of collective achievement within our team, proving that with dedication and innovation, no challenge is insurmountable."

L&T’s role in RVNL’s 125-km Rishikesh-Karnaprayag Railway Line project which connects Rishikesh, Devprayag, Srinagar, Rudraprayag, Gauchar, and Karnaprayag across five Himalayan districts, cutting travel time from seven hours to two and supporting the Char Dham Yatra, covers Packages 2 and 4.

In Package 4, L&T is building India’s longest railway tunnel (14.5-km upline, 13.1-km downline). Package 2 includes 26.6 km of tunnel excavation, 28 km of tunnel lining, two railway bridges, one road bridge, and embankments.

Background:

Larsen & Toubro is a USD 27 billion Indian multinational enterprise engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

L&T Incorporates New Subsidiary to Develop Green Hydrogen Projects

Larsen & Toubro (L&T) has taken a significant step in the green energy sector by incorporating L&T Green Energy Kandla Pvt Ltd, a subsidiary focused on developing green hydrogen projects. This move aligns with L&T's broader sustainability goals, following the successful commissioning of its first green hydrogen plant in Gujarat.

Green hydrogen, produced through electrolysis powered by renewable energy, is gaining traction as a clean and versatile energy carrier. L&T's new subsidiary will not only focus on hydrogen production but also explore derivatives like green ammonia, which can be crucial for industrial applications.

Several companies have been actively incorporating subsidiaries to expand their presence in green hydrogen and clean energy. Reliance Industries has been advancing its green hydrogen initiatives through Reliance New Energy Ltd, focusing on electrolyser manufacturing and hydrogen production.

Adani Group has incorporated Adani New Industries Ltd, which is working on large-scale green hydrogen projects. JSW Energy has set up JSW Future Energy Ltd, aiming to develop hydrogen-based solutions for industrial applications.NTPC has launched NTPC Green Energy Ltd. dedicated to renewable energy projects.

L&T-Cloudfiniti Forms Strategic Partnerships with 3 Leading AI Startups

To drive innovation in healthcare, life sciences, and vertical AI solutions in India and across the globe

L&T-Cloudfiniti, a leading technology solutions provider, is proud to announce new strategic partnerships with three leading AI startups, including one based in Europe.

The collaborations will focus on groundbreaking developments in healthcare, life sciences, vertical AI, and conversational technologies in India and across the globe by harnessing cutting-edge AI models to transform key industries and drive digital innovation in multiple sectors.

The three partnerships that L&T-Cloudfiniti has got into are:

• Hanooman AI (Healthcare & Life Sciences): L&T-Cloudfiniti has partnered with Hanooman AI, a pioneering AI startup in the healthcare and life sciences space. This partnership will leverage Hanooman’s advanced AI-powered tools to accelerate healthcare transformation in India. By integrating AI-driven insights into healthcare practices, Hanooman is poised to improve patient outcomes, optimise treatment pathways, and advance medical research in life sciences.
• CoRover (Conversational & Attentive AI): L&T-Cloudfiniti has also teamed up with CoRover, an AI-driven startup focussed on creating conversational AI and foundational models (like BharatGPT). CoRover’s innovative solutions offer the ability to enhance user experiences with more natural, human-like conversations across various sectors, including customer service, education, and more. With this collaboration, L&T-Cloudfiniti aims to bring real- time, personalised communication and AI-enabled attentiveness to the forefront of businesses in India.
• Pidima AI (Agentic AI for Regulated Industries): The third partnership is with Pidima, a UK- based startup revolutionising mission-critical industries with its Agentic AI platform. By automating test specification and compliance documentation, Pidima delivers 10x faster outcomes, reduces costs by millions, and elevates efficiency to extraordinary heights. Pidima’s solutions are designed for regulated sectors such as healthcare, Medtech, automotive, and aerospace, where precision and compliance are non-negotiable.The collaboration will significantly enhance L&T-Cloudfiniti’s AI offerings in these critical domains, paving the way for smarter, more efficient, and highly compliant operations.

Commenting on the development, Ms Seema Ambastha, Chief Executive, L&T-Cloudfiniti, said: “These collaborations reflect our commitment to driving AI adoption across industries, from healthcare to aerospace, by partnering with the brightest minds and the most innovative companies in the AI landscape.The collective expertise and disruptive technologies from these startups will play a crucial role in shaping the future of AI and will enable L&T-Cloudfiniti to provide cutting-edge solutions that deliver tangible business outcomes for clients globally.”

Vishnuvardhan Pogunulu Srinivasulu, CEO & Founder, Hanooman AI, commented: “Partnering with L&T-Cloudfiniti, Hanooman Al pioneers generative healthcare solutions - scalable, secure, and globally compliant. With Cipher Al, we're reimagining care for Bharat, making it accessible while advancing precision medicine for the world, sparking a revolution in global health outcomes. From reversing diabetes to discovering new drugs to deciphering genomics the future of healthcare is intelligent, inclusive, and is here.”

Ankush Sabharwal, Founder & CEO, CoRover AI, added: “Our collaboration with L&T- Cloudfiniti allows us to rapidly scale our conversational AI solutions on secure, high- performance GPU infrastructure, reaching global enterprises effectively. Together, we aim to redefine customer interactions, drive operational excellence, and deliver exceptional business value.”

John Marcus, Founder & CEO of Pidima AI, shared: “We are thrilled to partner with L&T- Cloudfiniti, a company that shares our vision of transforming enterprise efficiency through AI. This collaboration not only strengthens our presence in India but also accelerates our mission to empower mission-critical enterprises with smarter, faster, and more precise solutions."

L&T Energy GreenTech and John Cockerill Energy Collaborate to Explore specific Green-Power Technologies

L&T Energy GreenTech Limited (LTEGL) and John Cockerill signed a Memorandum of Understanding (MoU) to explore various technologies in Concentrated Solar Power (CSP) and Thermal Energy Storage (TES).

LTEGL, a wholly owned subsidiary of L&T, is dedicated to sustainable energy solutions, including Green Hydrogen, its derivatives, and Electrolyser Manufacturing. Centered on its three core business pillars — Development, Manufacturing, and EPC — LTEGL offers integrated solutions across the Green Energy value chain through advanced technology, strategic partnerships and dedicated R&D.

With the strength of more than 200 years of experience in energy and industry, John Cockerill is developing innovative technological solutions which contribute to the energy transition, whether by developing new electricity production capacities from renewable sources, storing green electricity or optimising the electricity output of power plants and industrial installations. The Group adapts its technologies and expertise — heat recovery steam generators, receivers for concentrated solar power plants, integrated units for the production, storage and management of green electricity, industrial boilers, Hamon cooling systems — to the specific needs of its clients in the industrial and energy domains.

The MoU aims to identify and develop strategic collaboration opportunities in manufacturing, component supply and engineering solutions critical to the implementation and deployment of CSP and TES projects.

Commenting on the occasion, Mr Subramanian Sarma, Whole-time Director & President (Energy), L&T, said, “L&T remains committed to accelerating the adoption of next-generation green energy technologies. Ensuring round-the-clock availability of renewable power is crucial for driving the global energy transition. Our collaboration with John Cockerill marks a significant step in this direction, combining L&T’s end-to-end expertise in manufacturing, EPC and services with John Cockerill’s global leadership in energy.

Mr Thomas Bohner, CEO of John Cockerill Energy, commented, “We are extremely happy to partner with LTEGL in exploring and leveraging opportunities to make India’s manufacturing sector sustainable and efficient. Our CSP and TES technologies are leading the way for renewable and dispatchable power and heat projects, from small to large scale, on and off- grid, on a worldwide basis. With our expertise and references, including 5 state-of-the-art solar thermal receivers for concentrating solar power plants in the United Arab Emirates, China, Chile and South Africa, we are confident that this partnership with LTEGL will enable us to deliver these offerings to companies in India that are actively pursuing low carbon energy solutions."

“Partnering with John Cockerill and leveraging its expertise in CSP and TES technology allows us to integrate advanced energy storage solutions with our robust engineering and manufacturing capabilities. By leveraging these synergies, we aim to accelerate the deployment of green RTC power generation, driving the shift towards a greener, more sustainable energy future,” underscored Mr Derek Shah, Sr Vice President & Head, L&T Energy - Green Mfg. & Development.

Mr Vivek Bhide, Regional President and Group Transformation Officer, John Cockerill, added, “Indian businesses are increasingly partnering with the government in supporting its move towards sustainable energy adoption and net zero commitments. Our CSP and TES technology will aid this transition and deliver reliable and sustainable energy solutions to Indian businesses. We are grateful for LTEGL’s partnership and look forward to collaborating with them in bringing this world-class technology to India."

L&T to Build Uzbekistan's 1st AI-enabled Data Centre

Larsen & Toubro (L&T) has received a significant order to build Uzbekistan's first AI-enabled and sustainable 10-Megawatt data centre in Tashkent.

According to the company’s classification of projects, the value of the order is between ₹1,000 to ₹2,500 crores.

The project will set new standards for data centre infrastructure in the Uzbekistan region, combining cutting-edge technology with a strong commitment to sustainability.

L&T will be responsible for the engineering, procurement and construction of this new-age Data Centre equipped with advanced AI capabilities to power the next generation AI applications, minimise environmental impact and maximise energy efficiency. The data centre will be equipped with robust security measures to protect sensitive data using cutting-edge security technologies.

Commenting on this, Mr M V Satish, Member of Executive Committee & Advisor to the CMD, L&T, said: “It is indeed a matter of great pride that L&T Buildings & Factories vertical will be executing this AI-enabled and sustainable data centre in Tashkent. This underscores the expertise of L&T in executing complex and unique projects across the globe.”

L&T Launches INS Utkarsh, Its 2nd Multi-Purpose Vessel for Indian Navy

Larsen & Toubro (L&T) on Monday launched the second Multi- Purpose Vessel (MPV) for the Indian Navy from its Kattupalli Shipyard near Chennai.

The vessel, christened INS Utkarsh, was launched by Dr Sushmita Misra Singh, the wife of Union Defence Secretary Mr Rajesh Kumar Singh. Mr Singh, Vice Admiral B Sivakumar (Controller of Warship Production & Acquisition), Rear Admiral Vishal Bishnoi (Assistant Controller of Warship Production & Acquisition) and senior leaders of L&T were present.

Following an accelerated production schedule, the launch of INS Utkarsh comes within three months of the launch of the first MPV INS Samarthak. The first vessel is now being readied for undergoing tests and trials prior to its delivery to the Indian Navy.

The MPVs are highly specialised, and play multiple roles, including serving as trial platforms, for the development of next generation weapons and sensors. They will perform maritime surveillance, humanitarian assistance, combat sea pollution, besides taking up launch and recovery of surface and aerial assets, etc.

The MPVs are 107m long, 18.6m wide with a displacement over 3,750 tonnes. In keeping with Government of India’s Aatmanirbhar Bharat mission and Make in India initiative, the design engineering of the MPVs has been undertaken at L&T’s in-house Warship Design Centre at Chennai and the construction is accomplished at L&T’s Katupalli Shipyard.

Commenting on the occasion, Mr A T Ramchandani, Senior Vice President & Head - L&T Precision Engineering & Systems, said:

The successful launch of the second MPV ahead of schedule underscores L&T’s unwavering commitment to bolster India’s national security. With our unmatched in-house design expertise and execution prowess, we are committed to providing cutting-edge defence platforms to support Indian Navy’s fleet expansion needs.

L&T’s Kattupalli Shipyard is one of the most advanced shipbuilding and ship repair facilities in India and is equipped with ship-lift, dry and wet berths to concurrently undertake new ship building and repairs.

Besides the two MPVs, L&T is also constructing three Cadet Training Ships and six other defence vessels for the Indian Navy on public-private-partnership model. This apart, the repair of the Indian naval ship INS Tir is also currently underway at the Kattupalli Shipyard.

L&T-Cloudfiniti Onboards Its First Major Customer

L&T-Cloudfiniti, the Data Centre business initiative of Larsen & Toubro, has onboarded its first major customer at the state-of-the-art hyperscale data centre located in Sriperumbudur near Chennai.

Cloudfiniti’s Sriperumbudur Data Centre has a built-in capacity of 30 MW, and of this, 12 MW colocation-ready capacity is live across two floors. The client, a leading cloud service provider has rented as much as 6 MW IT Load capacity, consisting of high-density racks spread over an entire floor, and a bulk bandwidth, thus marking a major customer-win for Cloudfiniti at the very start.

The contract tenure, which is 10 years, underscores the trust the client has reposed on Cloudfiniti’s high-tech capabilities, cutting-edge infrastructure, and the strategic location of the data centre.

“This deal marks the beginning of many such collaborations and acts a testament to our commitment to delivering world-class colocation and cloud services to businesses across the spectrum. In the days to come, we are confident of redefining India’s data centre landscape with our fast scalable and reliable solutions,” said Seema Ambastha, Chief Executive – L&T-Cloudfiniti.

L&T Gets LNTP Contract from NTPC for Setting Up Thermal Power Plants in MP & Bihar

L&T Energy CarbonLite Solutions, a business vertical of Larsen & Toubro (L&T), has recently received a Limited Notice to Proceed (LNTP) from NTPC Ltd for setting up thermal power plants in Madhya Pradesh and Bihar.

The orders pertain to main plant packages of 2x800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh and 3x800 MW Stage-II thermal power plant at Nabinagar in Bihar.

The scope of work involves design, engineering, manufacturing, supply, erection and commissioning of boilers, turbines, electrostatic precipitators (ESP), auxiliaries, along with the related mechanical, electrical, instrumentation and civil works.

The orders pertain to main plant packages for a 2×800 MW Stage-ll thermal power plant at Gadarwara in Madhya Pradesh and a 3x800 MW Stage-ll thermal power plant at Nabinagar in Bihar. 

The scope includes design, engineering, manufacturing, supply, erection, and commissioning of boilers, turbines, electrostatic precipitators (ESP), auxiliaries, along with related mechanical, electrical, instrumentation, and civil works.

The value of the order is estimated to be more than Rs 1, 500 crore.

L&T aims to deliver these projects with exceptional outcomes, meeting their high standards of execution within a strict timeline.

L&T Tech Acquires Intelliswift Known for Its AI-led Automation Framework

L&T Technology Services (LTTS) has acquired Intelliswift, a California-based Al and software company, for $110 million. This acquisition aims to strengthen LTTS's capabilities in software product development, platform engineering, digital integration, data, and Artificial Intelligence (Al).

Intelliswift is known for its Al-led automation framework and serves four of the top five hyperscalers and over 25 Fortune 500 companies. The acquisition will enable LTTS to expand its footprint in hyperscalers and big tech spenders, and enter adjacent markets like retail, fintech, and private equity.

Intelliswift has a presence in multiple countries, including the US, India, Hungary, Canada, Singapore, and Costa Rica.

Intelliswift serves four of the top five hyperscalers and over 25 Fortune 500 companies, including five of the top 10 ER&D spenders in software and technology.

The acquisition aims to enhance LTTS's digital engineering suite, expand its footprint in hyperscalers and big tech spenders, and enter adjacent markets like retail, fintech, and private equity.

Amit Chadha, CEO and Managing Director of LTTS, emphasized that software and AI are becoming essential for clients seeking new products and differentiated solutions.

Pat Patel, Founder and Executive Chairman of Intelliswift, highlighted the strategic step forward for Intelliswift to become a leading technology partner for major hyperscalers and companies worldwide.

This acquisition is expected to significantly boost LTTS's capabilities in software product development, platform engineering, digital integration, data, and AI, aligning with their medium-term goal of reaching a $2 billion revenue target.

L&T To Acquire 21% Stake in E2E Networks for ₹1, 407 Crore

Larsen & Toubro (L&T) has announced it will acquire a 21% stake in E2E Networks for ₹1,407 crore. This strategic move aims to bolster L&T's presence in the rapidly expanding cloud and Al sectors.

The acquisition will be completed in two parts: a 15% stake via preferential allotment and an additional 6% through a secondary acquisition. L&T will invest ₹1,079.27 crore for a 15% stake through preferential allotment and ₹327.75 crore for an additional 6% stake through a secondary acquisition.

Post-acquisition, L&T will have the right to nominate up to two directors on E2E Networks' board, ensuring they have a say in the company's strategic direction.

Alongside the acquisition, L&T will enter into a software license agreement, reseller agreement, and colocation agreement with E2E Networks.

This partnership is expected to accelerate digital transformation across various industries in India by integrating E2E Networks' cloud and Al cloud platform with L&T's expertise in data center management and cloud solutions.

E2E Networks' shares surged by 5% following the announcement, reflecting positive market sentiment about the deal.

Post-acquisition, E2E Networks' promoters, Tarun Dua and Srishti Baweja, will still hold a significant stake in the company.

This collaboration is expected to foster a technology-driven, sustainable future for India by promoting the adoption of GenAI solutions and enhancing cloud services.

Indian Conglomerate Scouts for NASA's Next Space Station

An Indian multinational conglomerate, which has been a key partner for the Indian space agency ISRO for over five decades, is exploring opportunities to contribute to NASA's successor to the International Space Station (ISS).

Mumbai, Maharashtra-headquartered Larsen & Toubro (L&T) has been a key player in powering ISRO's space missions for over five decades and is now looking to expand its reach to the international market. L&T is hopeful that Indian firms will play a role in the supply chain for America's next space station.

Vikas Khita, Vice President of L&T Precision Engineering and Systems, mentioned that while earlier talks with Blue Origin for supplying orbital launch capabilities and space habitat solutions faced challenges, remnants of those discussions are still ongoing, now involving NASA.

Khita told news agency PTI that L&T has been in discussions with Blue Origin, a Jeff Bezos's aerospace manufacturer, for supplying orbital launch capabilities and space habitat solutions.

While these talks encountered some challenges, remnants of the discussions are still ongoing, now involving NASA.

NASA is collaborating on developing a space station owned, built, and operated by a private company — either Axiom Space, Voyager Space, or Blue Origin. NASA is giving each company hundreds of millions of dollars in funding and sharing their expertise with them.

Progress photo showing the Axiom Space station being built.
(Image - ENRICO SACCHETTI/Axiom Space

NASA's next space station is called Gateway. It's a lunar space station designed to support deep space exploration and serve as a multi-purpose outpost for lunar surface missions, science in lunar orbit, and human exploration further into the cosmos. Gateway is central to NASA's Artemis missions, which aim to return humans to the Moon and eventually pave the way for human missions to Mars and beyond.

Known as India's largest engineering firm, Larsen & Toubro (L&T) has been involved in the fabrication of various satellites for ISRO, including the GSAT series and IRNSS (Indian Regional Navigation Satellite System) satellites.

Moreover, L&T has even contributed to the development of ISRO's launch vehicles, including the Polar Satellite Launch Vehicle (PSLV) and Geosynchronous Satellite Launch Vehicle (GSLV). L&T is also involved in ISRO's Gaganyaan program, which aims to send Indian astronauts into space.

L&T is also interested in building space ports, space parks, and manufacturing clusters, aligning with the Indian government's decision to open up the space sector for private participation.

Larsen & Toubro PT&D's Digital Energy Solutions Arm to Implement Energy Management Systems in South India

Secured mandate to implement Energy Management Systems in South India

and expands portfolio in United States

The Digital Energy Solutions (DES) arm of Larsen & Toubro’s Power Transmission & Distribution (PT&D) business has received the mandate to develop and implement Energy Management Systems in regional and state load dispatch centers in South India. This order is the latest addition to such digitally based intelligent projects being executed by L&T DES globally.

Digital Energy Solutions (DES)

The Digital Energy Solutions arm of L&T’s Power Transmission & Distribution vertical is a specialized set-up of power system experts offering advanced grid services, energy consulting services and system integration solutions to speed up the digitalization of electric grid in India, Middle East and the USA.

Transmission & Distribution Management and Control

As part of the order in Southern India, Energy Management System and associated software systems will be implemented for 12 set of control rooms. These systems are being implemented for main and backup configurations for the Southern Regional Load Dispatch Centre (RLDC) and the State Load Dispatch Centers (SLDC) of Andhra Pradesh, Kerala, Puducherry, Tamil Nadu and Telangana. The integration and implementation of these systems will be carried out without causing any downtime for the existing system.

L&T DES will implement this upgradation of control rooms with power system applications supplied by the world’s leading OEM to monitor and control the energy flow in electricity transmission network in real time to ensure reliable and secure grid operations. The upgrade work will leverage L&T-Spark-CRIMTM (Control Room Integration Middleware) Platform to integrate substation data.

Through another recent mandate, L&T DES team will implement upgradation of power and transmission control room in the western United States, with one of the most complex configurations involving more than 15 EMS hosts, deploying advanced applications to monitor and control the energy flow in real-time. The scope includes design and implementation of power and transmission network operation situational awareness to assist operators and analysts to improve grid reliability.

L&T is already executing a slew of advanced grid modernization and digitalization orders in India, including the upgradation work in National and Regional Transmission Asset Management Centers consisting of 13 control rooms nation-wide integrating 270 EHV transmission substations.

On the Distribution Grid Management side, L&T DES is implementing advanced distribution management systems in Mumbai and Vadodara.

Renewable Integration and Control

L&T DES team implements L&T-Spark-HECSTM (Hybrid Energy Management and Control System) to monitor and control the renewable hybrid plant of 185 MW Solar cum 254 MWH energy storage capacity which L&T is executing in Bihar.

With fast evolving buildout of renewable hybrid plants, the business is engaged worldwide in providing Solar-Storage Power Plant Controller implementations for large renewable energy projects. Currently, L&T-Spark-PPCTM (Solar Power Plant Controller) has been powering 6 solar plants with multiple gigawatts of peak production capacity ensuring full regional grid compliance in India and Middle East regions.

In a recent milestone, 700 MW ArRass solar plant went live in production powered by L&T-Spark-PPCTM, monitoring and controlling 200+ solar inverters to meet the plant performance while honoring the real-time deployment signals from Saudi Electric Central Region Control Center (CRCC) assisting in reliable grid operation with advanced control functions including synthetic inertia.

In Puerto Rico, United States, L&T DES team has been working on an interconnection simulation study and Substation control engineering assignment involving 8 grid interactive renewable hybrid substations consisting of solar and storage. Upon the successful completion of engineering design phase for the first substation, L&T DES team in USA has been awarded to implement L&T-Spark-HECSTM (Hybrid Energy Management and Control System) thus providing end to end solution delivery from design to completion. The offered solution will be one of the first fully integrated implementations combining Solar, Energy Storage and Substation supervisory monitoring and control, from a single platform with full functional Historian and Hyper Local Energy Forecasting duly integrated with weather monitoring system.

L&T DES has established the technical team as a specialized set-up of world leading power system experts offering advanced grid services providing complete simulation study for renewable grid interconnection followed by grid interactive renewable hybrid substation engineering and control design.

Advanced Grid & Energy Innovation Services

L&T DES business in USA continues to be the center of excellence for providing advanced consulting services and research & development assignments for energy systems and grid. This includes resilience planning, feasibility assessment, simulation studies, bulk power decarbonization projects in United States.

L&T DES team will work on recently awarded grant projects, being carried out for partners under contract with California Energy Commission (CEC) and USA Department of Energy as part of the California Energy Commission (CEC) grant funding opportunity “GFO-20-305: California Community Microgrid - Reimagining Affordable Mixed-Use Development in a Carbon-Constrained Future”. The grant is aimed at building an all-electric, transit-integrated, affordable, and supportive community. Salient features of this demonstration include the first scaled bi-directional EV Charging in the USA and the first 95%-100% resilient apartment community in the world. Ultimately, this will serve as a new template for rapid utility interconnection to comply with SB 410, the Powering Up Californians Act aimed at speedier customer interconnections to the utility grid.

Hybrid Energy Network Operation Center

L&T DES business in USA is all set to provide turnkey solution for 300 MW Solar “Balancing Authority” services in western United States. Balancing Authority (BA) services enable renewable plant integration while meeting NERC (North Electric Reliability Council) criteria administered by regional reliability council for reliable operation of renewable asset and grid. These services will facilitate multiple monetary value streams by allowing energy transactions within and beyond the local utility jurisdiction, availing most optimum combination of trades and transactions while meeting NERC and WECC (Westen Electric Coordination Council) reliability compliance. The project will be delivered by the facility called HENOC (Hybrid Energy Network Operation Center) in Fairfield, California, USA. The facilities and personnel involved in the project have been certified by NERC.

Commenting on the development Mr T. Madhava Das, Whole-Time Director & Senior Executive Vice President (Utilities) – 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.

Background:

Larsen & Toubro is a USD 27 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over eight decades.

L&T Acquires 12.25% Stake Worth ₹ 12.5 Cr in IFQM, A Not-for-Profit Organization

Larsen & Toubro (L&T) has acquired a 12.25% stake in the Indian Foundation for Quality Management (IFQM) by purchasing 12.5 million equity shares for Rs 12.5 crore. This acquisition aligns with L&T's goal to enhance "Brand India" globally by continuously improving product and service quality.

The Indian Foundation for Quality Management (IFQM) is a not-for-profit organization dedicated to promoting quality management practices across various sectors in India. IFQM empower and encourage Indian organizations to embrace and integrate quality values, principles, and practices in all aspects of management.

Quality Management can lead to substantial improvements in efficiency, customer satisfaction, and overall business performance.

IFQM was established, in 2023, with the support of several leading Indian companies, including Tata Sons, TVS Motor Company, Sun Pharma, Motherson Group, Bharat Forge, Boeing India, and Biocon. The foundation's mission is to enhance the "Make in India" brand on the global stage by fostering a culture of quality and innovation within Indian businesses.

The leadership team at the Indian Foundation for Quality Management (IFQM) comprises several prominent figures from various leading Indian companies.

Venu Srinivasan, Chairman Emeritus of TVS Motor Company, is the Chairman of IFQM. Soumitra Bhattacharya is CEO and Director of IFQM. Board of directors of IFQM include – N. Chandrasekaran, Executive Chairman of Tata Sons; Dilip Shanghvi, Managing Director of Sun Pharma; Kiran Mazumdar-Shaw: Executive Chairperson of Biocon, and T. V. Narendran, CEO & Managing Director of Tata Steel Ltd., among others.

With L&T's acquisition of stakes in IFQM, S. N. Subrahmanyan, Chairman & Managing Director of Larsen & Toubro, will sit in the board of IFQM.

Quality management offers numerous benefits to organizations, helping them achieve higher efficiency, customer satisfaction, and overall competitiveness.

Toyota’s implementation of the Toyota Production System (TPS) is a classic example of quality management. TPS focuses on continuous improvement (Kaizen), respect for people, and standard work practices. This system has helped Toyota become one of the most efficient and high-quality automobile manufacturers in the world.

Dell implemented ISO 9001 standards to improve its quality management system. Within a year, Dell turned around a significant operating loss to profitability, achieved 40% business growth, increased unit sales by 145%, and reduced manufacturing costs by 15%.

Boeing implemented Total Quality Management (TQM) principles to improve its manufacturing processes and product quality. This approach has helped Boeing maintain its position as a leading aerospace manufacturer.