Business news · Corporate · 07 Oct 2026
IN Capital Goods Construction Power
Larsen & Toubro's Energy CarbonLite Solutions business received a limited notice to proceed from DVC CIL Power for two 800 MW ultra-supercritical units at Chandrapura in Jharkhand. L&T classes the job as a 'major' order, its band for Rs 5,000-10,000 crore, without giving the exact value. The scope runs from design to commissioning of boilers, steam turbines, generators and electrostatic precipitators. The shares traded about 1.4% lower at Rs 3,715.70 at 12:20 pm.
New coal-fired capacity is being ordered again by public utilities, and the equipment and construction work goes to a short list of Indian suppliers of boilers and turbines, L&T and BHEL among them. For L&T the order adds to the energy segment's backlog; a limited notice to proceed covers early work, so revenue follows over several years once the full notice is issued. The direct effect on one year's results is small against a market value of about Rs 5.12 lakh crore.
Reported by Upstox — “L&T arm bags major order worth up to ₹10,000 crore for thermal power plants in Jharkhand; stock trades lower” ↗ on 07 Oct 2026.
NSE stocks, from the last close on or before 07 Oct 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Capital Goods | 126 | -3.6% | 27 of 126 | -2.7 pts |
| Construction | 24 | -1.6% | 7 of 24 | -0.7 pts |
| Power | 23 | -0.8% | 6 of 23 | +0.1 pts |
| All tracked stocks | 804 | -0.9% | 321 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| Larsen & Toubro Ltd. LT | ₹3,701.5 | ₹3,627.1 | -2.0% |
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