Larsen and Toubro rose over 3% and touched the weekly high of Rs1345 on the BSE, after the company eyes 200MW of solar projects in the next fiscal.
Larsen and Toubro (L&T), which plans to focus on strengthening its engineering and construction segment after the change of guard at the top-rung over the weekend, expects to bag 200 mega watt (MW) of solar projects in the next fiscal.
The newly-appointed managing director and chief executive Krishnamurthi Venkataramanan has laid emphasis on strengthening the EPC segment, which constitutes over 80% of the business, by ensuring prompt execution of projects.
L&T Construction, a part of the $11.7-billion conglomerate, has emerged as the largest EPC player in the country's solar power sector, with orders for over 200MW and is now targeting a cumulative tally of solar power experience to increase to 400MW by FY13, the company said in a statement here.
The company aims to achieve a target of 112MW of installed capacity by next month, it added.
L&T has already commissioned a 25MW solar plant at Charankha in Gujarat, using tier-1 crystalline PV technology and another 40MW plant, employing thin film technology, is under commissioning at Pokhran in Rajasthan, the release said.
Of the 66MW solar projects commissioned in Gujarat, the 10MW plant located at Surendranagar has adopted tier-1 crystalline PV modules and single axis trackers.
View: L&T’s focus on the solar EPC sector is justified considering a sizable amount of industrial capex being planned, given the targeted 20,000MW solar power capacity by 2020, thus presenting huge potential in this segment.
At 11.37 am, Larsen & Toubro was trading at Rs1342, up by 3.12%, with a volume of 0.82 lakh shares on the BSE.
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Larsen and Toubro (L&T), which plans to focus on strengthening its engineering and construction segment after the change of guard at the top-rung over the weekend, expects to bag 200 mega watt (MW) of solar projects in the next fiscal.
The newly-appointed managing director and chief executive Krishnamurthi Venkataramanan has laid emphasis on strengthening the EPC segment, which constitutes over 80% of the business, by ensuring prompt execution of projects.
L&T Construction, a part of the $11.7-billion conglomerate, has emerged as the largest EPC player in the country's solar power sector, with orders for over 200MW and is now targeting a cumulative tally of solar power experience to increase to 400MW by FY13, the company said in a statement here.
The company aims to achieve a target of 112MW of installed capacity by next month, it added.
L&T has already commissioned a 25MW solar plant at Charankha in Gujarat, using tier-1 crystalline PV technology and another 40MW plant, employing thin film technology, is under commissioning at Pokhran in Rajasthan, the release said.
Of the 66MW solar projects commissioned in Gujarat, the 10MW plant located at Surendranagar has adopted tier-1 crystalline PV modules and single axis trackers.
View: L&T’s focus on the solar EPC sector is justified considering a sizable amount of industrial capex being planned, given the targeted 20,000MW solar power capacity by 2020, thus presenting huge potential in this segment.
At 11.37 am, Larsen & Toubro was trading at Rs1342, up by 3.12%, with a volume of 0.82 lakh shares on the BSE.
....more info