Rs 6,12,800 Crore Order Book: Renewable energy giant signs MoU with ACWA Power
DSIJ Intelligence-1 / 23 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 23.25 per cent from its 52-week low and has given multibagger returns of over 330 per cent in the last 5 years.
Larsen & Toubro's (L&T) Renewables (RENU) division has signed a Memorandum of Understanding (MOU) with ACWA Power to collaborate on the Yanbu Green Hydrogen Hub in Saudi Arabia. This significant project is designed as a fully integrated facility, powered entirely by renewable energy from captive solar and wind sources. The MOU specifically focuses on the Renewables & Grid scope, which includes the construction of solar PV, wind, and battery energy storage plants, along with their associated substations and transmission lines.
The agreement outlines a collaborative framework for L&T and ACWA Power to design and optimise the project's renewable energy and grid infrastructure. The goal is to achieve the highest performance targets for the entire system. Following this collaborative design phase, L&T has committed to entering into an EPC (engineering, procurement, and construction) contract once the final proposal is accepted. This partnership leverages L&T's extensive experience in EPC projects, aiming to ensure the seamless integration of various renewable technologies and uphold high standards of safety, quality, and sustainability.
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About the Company
Larsen & Toubro (L&T) is a massive Indian conglomerate with its fingers in many pies. Their core business is engineering, procurement and construction (EPC) solutions across various sectors like infrastructure, power, hydrocarbon (oil & gas) and defence. They also manufacture custom-designed machinery for these industries and even have a real estate arm. L&T is a major player in IT services through subsidiaries like L&T Infotech and Mindtree and provides financial services like rural and housing finance through L&T Finance Holdings. They even handle development projects involving infrastructure, toll management and power generation.
According to Quarterly Results, the net sales increased by 11 per cent to Rs 74,392.28 crore and net profit increased by 25 per cent to Rs 5,497.26 crore in Q4FY25 compared to Q4FY24. Looking at its annual results, the net sales increased by 16 per cent to Rs 2,55,734.45 crore and the net profit increased by 15 per cent to Rs 15,037.11 crore in FY25 compared to FY24.
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The company has a market cap of over Rs 5 lakh crore and has been maintaining a healthy dividend payout of 33 per cent. Life Insurance Corporation of India (LIC) owns a 13.60 per cent stake in the company as of June 2025. The company has a robust order book valued at Rs 6,12,800 crore as of June 30, 2025. The stock is up by 23.25 per cent from its 52-week low and has given multibagger returns of over 330 per cent in the last 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.