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L&T’s Renewables business has secured a major order

ICICIdirect Research 26 Aug 2026 DISCLAIMER

News: L&T’s Renewables business has secured a major order (₹5,000–10,000 crore) in the Middle East to develop three BESS projects with an aggregate storage capacity of 6GWh. The scope includes 4-hour BESS systems along with grid interconnections, pooling substations and underground cables, with liquid-cooling technology to enhance power density, safety and operating life. The projects will support energy shifting and grid stability, strengthening L&T’s presence in the rapidly expanding Middle East energy-storage market.

View: The 6GWh BESS order strengthens L&T’s position in utility-scale energy storage and expands its Middle East renewables EPC portfolio, providing meaningful order-book visibility. The win also supports L&T’s FY27 order inflow growth guidance of 10–12%, while positioning the company to benefit from rising storage requirements amid increasing renewable penetration and grid flexibility needs.

Impact: Positive

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