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Larsen & Toubro's Energy CarbonLite Solutions has received a Limited Notice to Proceed (LNTP) from NTPC

ICICIdirect Research 31 Jul 2026 DISCLAIMER

News: Larsen & Toubro's Energy CarbonLite Solutions has received a Limited Notice to Proceed (LNTP) from NTPC for the main plant package of the 2×800 MW (1,600 MW) Lara Stage-III Thermal Power Plant in Chhattisgarh. The final Notice to Proceed will be issued after environmental clearance and completion of the LNTP period.The project will be executed on an EPC basis and includes the design, engineering, manufacturing, supply, erection, testing and commissioning of boilers, steam turbines, generators, electrostatic precipitators (ESP), air-cooled condensers (ACC), auxiliaries, civil works, and electrical & instrumentation systems.

View: For L&T, this is its third ultra-supercritical thermal power project from NTPC in the last two years, reinforcing its leadership in India's thermal EPC segment. The company classifies the contract as a "Mega" order, implying an estimated value of ₹10,000–15,000 crore, which will strengthen its order book and provide healthy revenue visibility over the execution period.

Impact: Positive

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