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L&T Solar Business wins Rs 2.8 billion Solar PV order

The Solar Business sector, L&T Construction – one of India’s largest player in solar power has bagged new EPC orders worth `Rs 2.8 billion for the construction of Solar PV systems in Rajasthan from multiple customers.

In April this year, Larsen & Toubro had said that it was looking at grabbing sizeable orders for solar power projects driven by opportunity it sees in the sector and the company then had an order backlog of Rs 350 crore.

Most recently, L&T has demonstrated its intention to get big in the ‘Clean and Alternative Energy’ space by appointing an official exclusively to drive that business. The $ 11.7 billion-engineering conglomerate recently announced the transfer  R. Srinivasan as Vice President and Head of Clean and Alternate Energy with effect from December 1, 2012. In an internal circular, accessed by Panchabuta, the company has said that this has been done “in order to provide a greater impetus and gain a significant share in these domains”.

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