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As per L&T's internal classification, the value of the contract falls within the range of Rs 1,000 crore to Rs 2,500 crore. According to a regulatory filing, this engineering, procurement, and construction (EPC) order marks an extension of the earlier phase of the project. With this addition, the total co-located storage capacity at the Lakhisarai renewable energy site will rise to 495 MWh ' making it the largest such project awarded by a state utility in India. The deployment of a 4-hour BESS alongside intermittent solar generation will facilitate energy time-shifting ' enabling surplus clean energy to be stored and dispatched during peak demand periods. The advanced BESS system will feature liquid cooling technology, which ensures higher power density, enhanced safety, and extended operational life. This initiative aligns with the Government of India's policy emphasis on co-located renewable energy storage systems and supports Bihar's Jal-Jeevan-Hariyali Abhiyan (Water, Life, and Greenery Mission). It also contributes to employment generation and long-term energy security in the region. Earlier, L&T's Renewables vertical had secured an EPC order for a 275 MW Solar PV project in Gujarat, further strengthening its portfolio of flexible, efficient, and cost-effective clean energy systems. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported 30% jump in consolidated net profit to Rs 3,617.19 crore on a 16% rise in revenue to Rs 63,678.92 crore in Q1 FY26 as compared with Q1 FY25. The counter rose 0.29% to Rs 3,600.10 on the BSE. Powered by Capital Market - Live News |