L&T & BHEL Secure ₹32,800 Cr Pipeline Boost

Larsen & Toubro (

) and Bharat Heavy Electricals Limited () have emerged as the lowest bidders (L1) for large-scale thermal power projects worth a combined ₹32,800 crore, signaling strong momentum in India’s infrastructure and power capex cycle. L&T secured a ₹22,500 crore package, including major projects like NTPC Lara Stage-III (2×800 MW) in Chhattisgarh and Chandrapura Thermal Power Station (2×800 MW) in Jharkhand, reinforcing its leadership in EPC and infrastructure execution. Meanwhile, BHEL bagged a ₹10,300 crore package linked to the Odisha Genco thermal expansion project, strengthening its position in the power equipment segment. The development has already reflected in market sentiment, with L&T’s stock rising around 7% and BHEL gaining करीब 4–5%, indicating improved investor confidence. Importantly, these order wins enhance revenue visibility and expand already robust order books L&T at ~₹7.33 lakh crore and BHEL at ~₹2.23 lakh crore which is highlighting strong execution pipelines ahead. Overall, this marks a clear revival in thermal power investments, driven by rising energy demand and government-led infrastructure push, positioning both companies as key beneficiaries of India’s long-term power and capex growth story. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.