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L&T To double Solar EPC business

According to reports, with orders of 80 MW on hand, L&T is confident of undertaking engineering, procurement and construction (EPC) contracts for building 200 MW of solar photovoltaic installations in 2012-13, a senior official of the company said. L&T Solar Ltd, a division of the engineering, construction and contracts business, will end the current year with 112 MW.

About 40 MW of that is still under execution and will be completed by the end of this month, the source said. The solar EPC division of the company has 200 engineers and recruitment is happening as “an ongoing exercise.” Sources said that that the company is close to recruiting an expat expert. “We are looking at opportunities in the solar-thermal area as well,” the source said

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