L&T Wins Landmark Contract for India’s Largest Pumped Storage Project in Maharashtra

L&T Secures Major Energy Infrastructure Order

L&T has announced a significant contract win for the construction of India’s largest pumped storage project the Saidongar-1 PSP in Raigad, Maharashtra. Awarded by Torrent Energy Storage Solutions Pvt Ltd (formerly Torrent PSH 3 Pvt Ltd), the project underscores L&T’s engineering excellence and its pivotal role in India’s energy transition.

Key Highlights

• Project Scale: 3,000 MW capacity, divided into ten units of 300 MW each.
• Scope of Work: Comprehensive design, engineering, civil works, and hydro-mechanical execution.
• Client: Torrent Energy Storage Solutions Pvt Ltd.

Strategic Importance:

• Enhances grid reliability by storing surplus energy and releasing it during peak demand.
• Strengthens energy security for Maharashtra and neighboring regions.
• Supports India’s long-term decarbonisation goals by integrating renewable energy.
• Order Classification: Falls under L&T’s “Large” category (₹2,500–₹5,000 crore).
• Execution Strengths: Backed by L&T’s proven track record in hydroelectric and pumped storage projects, world-class safety standards, and timely delivery.

Outlook

The Saidongar-1 PSP is expected to be a cornerstone in India’s renewable energy infrastructure, ensuring grid stability and enabling deeper renewable penetration. For L&T, this project reinforces its leadership in heavy civil infrastructure and positions it as a trusted partner in India’s clean energy journey.

Sources: Larsen & Toubro Ltd. Press Release, BSE & NSE Filings