The Digital Energy Solutions (DES) arm of Larsen (Control Room Integration Middleware) Platform to integrate substation data. Through another recent mandate, L&T DES team will implement upgradation of power and transmission control room in the western United States, with one of the most complex configurations involving more than 15 EMS hosts, deploying advanced applications to monitor and control the energy flow in real-time. The scope includes design and implementation of power and transmission network operation situational awareness to assist operators and analysts to improve grid reliability. L&T is already executing a slew of advanced grid modernization and digitalization orders in India, including the upgradation work in National and Regional Transmission Asset Management Centers consisting of 13 control rooms nation-wide integrating 270 EHV transmission substations. On the Distribution Grid Management side, L&T DES is implementing advanced distribution management systems in Mumbai and Vadodara. Renewable Integration and Control L&T DES team implements L&T-Spark-HECS ™ (Hybrid Energy Management and Control System) to monitor and control the renewable hybrid plant of 185 MW Solar cum 254 MWH energy storage capacity which L&T is executing in Bihar. With fast evolving buildout of renewable hybrid plants, the business is engaged worldwide in providing Solar-Storage Power Plant Controller implementations for large renewable energy projects. Currently, L&T-Spark-PPC ™ (Solar Power Plant Controller) has been powering 6 solar plants with multiple gigawatts of peak production capacity ensuring full regional grid compliance in India and Middle East regions. In a recent milestone, 700 MW ArRass solar plant went live in production powered by L&TSpark-PPC ™, monitoring and controlling 200+ solar inverters to meet the plant performance while honoring the real-time deployment signals from Saudi Electric Central Region Control Center (CRCC) assisting in reliable grid operation with advanced control functions including synthetic inertia. In Puerto Rico, United States, L&T DES team has been working on an interconnection simulation study and Substation control engineering assignment involving 8 grid interactive renewable hybrid substations consisting of solar and storage. Upon the successful completion of engineering design phase for the first substation, L&T DES team in USA has been awarded to implement L&T-Spark-HECS ™ (Hybrid Energy Management and Control System) thus providing end to end solution delivery from design to completion. The offered solution will be one of the first fully integrated implementations combining Solar, Energy Storage and Substation supervisory monitoring and control, from a single platform with full functional Historian and Hyper Local Energy Forecasting duly integrated with weather monitoring system. L&T DES has established the technical team as a specialized set-up of world leading power system experts offering advanced grid services providing complete simulation study for renewable grid interconnection followed by grid interactive renewable hybrid substation engineering and control design. Advanced Grid & Energy Innovation Services L&T DES business in USA continues to be the center of excellence for providing advanced consulting services and research & development assignments for energy systems and grid. This includes resilience planning, feasibility assessment, simulation studies, bulk power balancing authority services, cybersecurity compliance etc. for various digitalization and decarbonization projects in United States. L&T DES team will work on recently awarded grant projects, being carried out for partners under contract with California Energy Commission (CEC) and USA Department of Energy as part of the California Energy Commission (CEC) grant funding opportunity 'GFO-20-305: California Community Microgrid - Reimagining Affordable Mixed-Use Development in a Carbon-Constrained Future'. The grant is aimed at building an all-electric, transit integrated, affordable, and supportive community. Salient features of this demonstration include the first scaled bi-directional EV Charging in the USA and the first 95%-100% resilient apartment community in the world. Ultimately, this will serve as a new template for rapid utility interconnection to comply with SB 410, the Powering Up Californians Act aimed at speedier customer interconnections to the utility grid. Hybrid Energy Network Operation Center L&T DES business in USA is all set to provide turnkey solution for 300 MW Solar 'Balancing Authority' services in western United States. Balancing Authority (BA) services enable renewable plant integration while meeting NERC (North Electric Reliability Council) criteria administered by regional reliability council for reliable operation of renewable asset and grid. These services will facilitate multiple monetary value streams by allowing energy transactions within and beyond the local utility jurisdiction, availing most optimum combination of trades and transactions while meeting NERC and WECC (Westen Electric Coordination Council) reliability compliance. The project will be delivered by the facility called HENOC (Hybrid Energy Network Operation Center) in Fairfield, California, USA. The facilities and personnel involved in the project have been certified by NERC. ' 'Powered by Capital Market - Live

The domestic equity benchmarks reversed all losses and traded with some positive bias in early afternoon trade. The Nifty traded above the 25,900 level after hitting the day's low of 25,886.85 in early trade. FMCG shares declined after advancing for the past three consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex was up 8.50 points or 0.01% to 84,939.37. The Nifty 50 index rose 3.60 points or 0.01% to 25,942.65. The Sensex and Nifty clocked an all-time high of 85,058.55 and 25,981.50, respectively in morning trade. In the broader market, the S&P BSE Mid-Cap index added 0.08% and the S&P BSE Small-Cap index rose 0.02%. The S&P BSE Small-Cap index and S&P BSE Mid-Cap index hit an all-time high at 57,728.08 and 49,701.15, respectively. The market breadth was negative. On the BSE, 1,913 shares rose and 1,937 shares fell. A total of 124 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.36% to 13.84. The Nifty 26 September 2024 futures were trading at 25,955.15, at a premium of 6.35 points as compared with the spot at 25,868.30. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 131.4 lakh contracts at the 27,000 strike price. Maximum Put OI of 130.5 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty FMCG index fell 0.80% to 65,776.60. The index advanced 1.97% in the past three consecutive trading sessions. Hindustan Unilever (down 1.92%), Nestle India (down 1.83%), Dabur India (down 1.25%), Varun Beverages (down 1.24%) and Godrej Consumer Products (down 0.99%), Marico (down 0.63%), Colgate-Palmolive (India) (down 0.6%), ITC (down 0.44%), Britannia Industries (down 0.29%) and United Spirits (down 0.11%) edged lower. On the other hand, Balrampur Chini Mills (up 2.17%) ,Radico Khaitan (up 0.19%) and Tata Consumer Products (up 0.14%) advanced. Stocks in Spotlight : Larsen & Toubro (L&T) rose 0.96%.The company's power transmission & distribution (PT&D) vertical secured 'Mega' order in the Middle East for expanding and strengthening the electricity grids at high voltage level. Coal India added 1.16% after the company informed that it has entered into a joint venture agreement (JV) with Rajasthan Rajya Vidyut Utpadan Nigam (RRUVNL) to establish brownfield thermal power project in Rajasthan. Punjab National Bank fell 2.08%. The bank informed that its board has approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 109.16 per share.Powered by Capital Market - Live

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has won new orders in the Middle East for expanding and strengthening the electricity grids at high voltage levels. According to the company's project classification, the value of these orders ranges between Rs 10,000 crore to Rs 15,000 crore. Saudi Arabia The different operating regions in Saudi Arabia's national electricity network are being interconnected through High Voltage Direct Current links that enable exchange of power between regions and enhanced system resilience. L&T has secured orders to establish '500kV HVDC Transmission Links associated with these interconnections. L&T has also won orders for three more packages involving two 380kV overhead transmission lines and a bulk supply 380kV Gas Insulated Substation. These elements contribute significantly to the renewable generation interconnection and fortification of the grid. United Arab Emirates In Abu Dhabi, L&T has received an order to build two major 400kV Gas Insulated Substations. In addition to civil works, the scope also involves Series Current Limiting Reactors, Auto Transformers, related control, protection, substation monitoring & alarm systems including fault and power quality monitoring, telecommunication systems and integration with the Load Dispatch Centre. These substations will enhance the power transfer capacity of the electricity grid.Powered by Capital Market - Live

Larsen & Toubro has been allotted 1,25,00,000 equity shares of Indian Foundation for Quality Management (IFQM) representing 12.25% stake in IFQM. IFQM is a not-for-profit company incorporated under Section 8 of the Companies Act, 2013, with the primary objective of being an integrated empowered foundation which would be at the forefront of driving positive change in the Indian industry. IFQM's mission is to Act as a Catalyst for Indian Businesses to become Globally respected and stay committed to offer expertise and solutions to enhance Brand India, globally, through continuous improvements in products and services. As the leading engineering company known for its penchant for Quality, joining IFQM, the India Specific Quality Foundation, would enhance brand India with commensurate benefits to the Company's positioning. Powered by Capital Market - Live

Larsen & Toubro (L&T) said, 'Clean energy transition has accelerated in recent years with decarbonized electricity being central to the fight against climate change. The rapid technology development in renewable generation has facilitated this trend. Renewable penetration, particularly in solar and wind generation, is set to grow in the global mix.' There is a strong momentum in India's pursuit of promoting renewable energy especially towards increasing the share of non-fossil fuels-based electricity. India sees green jobs and renewable growth as important aspects of achieving the visionary Viksit Bharat and equitable climate justice for the world. Renewable Energy Implementing Agencies have chalked out clear capacity addition trajectories and several schemes including Green Energy Corridors are being implemented, it added. The Middle East region is ideal for solar generation due to high solar irradiance, abundant land availability and alignment of solar generation with peak cooling demand and freeing up of fossil fuel for exports. In addition to these core markets, there are significant investments materializing in the adjacent regions such as in the SAARC, ASEAN, CIS and the African countries, the company stated in the press release. L&T has constructed some renewable energy projects in India including the 90MW Omkareshwar floating solar project commissioned recently. India's first grid scale solar cum storage project, implementation of decentralized distributed generation packages for remote villages are some of the noteworthy achievements. In this backdrop, to enhance management visibility and to ensure seamless integration of resources and capabilities, L&T has created the Renewable EPC business, an addition to its construction verticals. S.N.Subrahmanyan, chairman & managing director, Larsen & Toubro said, 'The growth of renewable EPC business has accelerated in recent years. Thanks to our early start and investments, we have built an organization that is uniquely placed in the value chain of creating sustainable energy infrastructure. Multiple opportunities are visible. We want to capitalize on our success and wish to remain a preferred partner of choice for our customers. Creation of this vertical will give increased autonomy, customer proximity and leadership oversight to the business and enable us to excel in this space.' Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer'focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. The EPC major's consolidated net profit rose 11.74% to Rs 2,785.72 crore on 15.12% increase in revenue from operations to Rs 55,119.82 crore in Q1 FY25 over Q1 FY24. Shares of Larsen & Toubro shed 0.81% to Rs 3,673.05 on the BSE. Powered by Capital Market - Live

Effective 1 September 2024, Larsen & Toubro has carved out a separate business vertical for Renewable EPC out of its Power Transmission & Distribution business, within its Infrastructure Projects segment. Commenting on the development S.N.Subrahmanyan, Chairman & Managing Director - Larsen & Toubro said: 'The growth of renewable EPC business has accelerated in recent years. Thanks to our early start and investments, we have built an organization that is uniquely placed in the value chain of creating sustainable energy infrastructure. This space is promising. Multiple opportunities are visible. We want to capitalize on our success and wish to remain a preferred partner of choice for our customers. Creation of this vertical will give increased autonomy, customer proximity and leadership oversight to the business and enable us to excel in this space.'  Powered by Capital Market - Live

The domestic equity benchmarks ended with minor gains on Wednesday. The Nifty closed above the 24,750 mark after hitting the day's low of 24,654.50 in early trade. Consumer durables, FMCG and media shares advanced while realty, PSU bank and bank shares declined. As per provisional closing, the barometer index, the S&P BSE Sensex, gained 102.44 points or 0.13% to 80,905.30. The Nifty 50 index added 71.35 points or 0.29% to 24,770.20. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.43% and the S&P BSE Small-Cap index rose 0.87%. The market breadth was strong. On the BSE, 2,611 shares rose and 1,340 shares fell. A total of 87 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 3.52% to 13.33. IPO Update : The initial public offer (IPO) of Orient Technologies received 3,91,69,656 bids for shares as against 74,49,846 shares on offer, according to stock exchange data at 15:25 IST on Wednesday (21 August 2024). The issue was subscribed 5.26 times. The issue opened for bidding on Wednesday (21 August 2024) and it will close on Friday (23 August 2024). The price band of the IPO is fixed between Rs 195 to Rs 206 per share. An investor can bid for a minimum of 72 equity shares and in multiples thereof. The initial public offer (IPO) of Interarch Building Products received 37,11,59,104 bids for shares as against 46,91,585 shares on offer, according to stock exchange data at 15:25 IST on Wednesday (21 August 2024). The issue was subscribed 79.11 times. The issue opened for bidding on Monday (19 August 2024) and it will close on Wednesday (21 August 2024). The price band of the IPO is fixed between Rs 850 to Rs 900 per share. An investor can bid for a minimum of 16 equity shares and in multiples thereof. Buzzing Index: The Nifty Consumer Durables index added 1.47% to 40,671.15. The index rallied 6.43% in eight consecutive trading sessions. Crompton Greaves Consumer Electricals (up 3.19%), Titan Company (up 2.45%), Havells India (up 1.65%), Voltas (up 1.21%), Cera Sanitaryware (up 1.13%), Dixon Technologies (India) (up 0.42%), V-Guard Industries (up 0.4%), Whirlpool of India (up 0.15%), Kajaria Ceramics (up 0.15%) and Bata India (up 0.1%) edged higher. On the other hand, Amber Enterprises India (down 1.4%), Blue Star (down 0.15%) and Rajesh Exports (down 0.03%) declined. Stocks in Spotlight: Larsen & Toubro rose 0.59%. The EPC major announced that it has secured a large order for its Transportation Infrastructure Business for the integrated infrastructure development project in Navi Mumbai. Meanwhile, the company informed that the Bombay High Court has quashed and set aside the show-cause notice and Rs 2,237-crore demand issued by the GST authorities. Hindustan Zinc shed 0.35%. The company announced that it has received a GST demand notice amounting to Rs 26.12 crore from the Office of the Commissioner of Central Excise & CGST Commissionerate. Exide Industries advanced 2.31% after the company said that it has invested Rs 74.99 crore in its wholly owned subsidiary, Exide Energy Solutions (EESL) by way of subscription to share capital on right basis. Oriental Rail Infrastructure was locked in 5% upper circuit after the company reported consolidated net profit of Rs 4.37 crore in Q1 FY25 as compared with net loss of Rs 8.01 crore posted in Q1 FY24. Revenue from operations was at Rs 172.03 crore in first quarter of FY25, registering a growth of 42.91% as against Rs 120.37 crore posted a year ago. Genus Power Infrastructures was locked in 5% upper circuit after the company's subsidiary secured three letters of award (LoAs) worth Rs 3,608.52 crore. RMC switchgears was locked in 5% upper circuit after the company's subsidiary, RMC Green Energy secured approval from the Rajasthan Renewable Energy Corporation to establish a 50 megawatt (MW) renewable energy park in Rajasthan. Indoco Remedies gained 4.84% after the firm received final approval from the US Food and Drug administration (USFDA) for its abbreviated new drug application (ANDA) for Lofexidine Tablets. Lofexidine Tablets is indicated for mitigation of symptoms associated with acute withdrawal from opioids and for facilitation of the completion of opioid discontinuation treatment. Global Markets: European stocks advanced while most Asian stocks ended mixed on Wednesday, tracking a pullback on Wall Street and reflecting investor caution ahead of a key speech by Federal Reserve Chair Jerome Powell later this week. The weakness in the U.S. market, where the Dow Jones Industrial Average closed down 0.15%, the S&P 500 fell 0.2%, and the Nasdaq Composite dropped 0.33%, spilled over into Asia. Japan's Nikkei index likely mirrored this cautiousness, as data revealed a smaller-than-expected export growth and a surge in imports, resulting in a trade deficit for July. Hong Kong's Hang Seng index was further pressured by a significant decline in e-commerce giant JD.com's stock price. News reports suggesting Walmart's planned sale of its stake in JD.com for $3.74 billion contributed to the 11% drop in JD stock. Powered by Capital Market - Live

The headline equity benchmarks continued to trade near the flat line in afternoon trade. The Nifty traded above the 24,700 level after hitting the day's low of 24,654.50 in early trade. Media, consumer durables and FMCG shares advanced while realty, PSU bank and bank shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, declined 122.18 points or 0.15% to 80,677.13. The Nifty 50 index added 6.15 points or 0.02% to 24,705. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.10% and the S&P BSE Small-Cap index rose 0.67%. The market breadth was strong. On the BSE, 2,432 shares rose and 1,395 shares fell. A total of 125 shares were unchanged. Gainers & Losers: Divi's Laboratories (up 3.29%), Titan Company (up 2.65%), HDFC Life Insurance Company (up 2.15%), Hindalco Industries (up 2.14%) and SBI Life Insurance Company (up 1.88%) were major Nifty gainers. UltraTech Cement (down 1.33%), HDFC Bank (down 1.16%), Tata Steel (down 1.10%), State Bank of India (down 1.01%) and ICICI Bank (down 0.95%) were major Nifty losers. Stocks in Spotlight: Larsen & Toubro rose 0.83%. The EPC major announced that it has secured a large order for its Transportation Infrastructure Business for the integrated infrastructure development project in Navi Mumbai. Meanwhile, the company informed that the Bombay High Court has quashed and set aside the show-cause notice and Rs 2,237-crore demand issued by the GST authorities. Hindustan Zinc shed 0.08%. The company announced that it has received a GST demand notice amounting to Rs 26.12 crore from the Office of the Commissioner of Central Excise & CGST Commissionerate. Oriental Rail Infrastructure was locked in 5% upper circuit after the company reported consolidated net profit of Rs 4.37 crore in Q1 FY25 as compared with net loss of Rs 8.01 crore posted in Q1 FY24. Revenue from operations was at Rs 172.03 crore in first quarter of FY25, registering a growth of 42.91% as against Rs 120.37 crore posted a year ago. Genus Power Infrastructures was locked in 5% upper circuit after the company's subsidiary secured three letters of award (LoAs) worth Rs 3,608.52 crore. RMC switchgears hit an upper circuit of 5% after the company's subsidiary, RMC Green Energy secured approval from the Rajasthan Renewable Energy Corporation to establish a 50 megawatt (MW) renewable energy park in Rajasthan. Exide Industries advanced 1.73% after the company said that it has invested Rs 74.99 crore in its wholly owned subsidiary, Exide Energy Solutions (EESL) by way of subscription to share capital on right basis. Global Markets: European shares advanced while Asian stocks traded mixed on Wednesday, tracking a pullback on Wall Street and reflecting investor caution ahead of a key speech by Federal Reserve Chair Jerome Powell later this week. The weakness in the U.S. market, where the Dow Jones Industrial Average closed down 0.15%, the S&P 500 fell 0.2%, and the Nasdaq Composite dropped 0.33%, spilled over into Asia. Japan's Nikkei index likely mirrored this cautiousness, as data revealed a smaller-than-expected export growth and a surge in imports, resulting in a trade deficit for July. Hong Kong's Hang Seng index was further pressured by a significant decline in e-commerce giant JD.com's stock price. News reports suggesting Walmart's planned sale of its stake in JD.com for $3.74 billion contributed to the 11% drop in JD stock. Powered by Capital Market - Live

The key equity indices traded sideways in early afternoon trade. The Nifty traded above the 24,700 level after hitting day's low of 24,654.50 in early trade. Consumer Durables shares witnessed buying demand for the eighth consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, shed 15.10 points or 0.02% to 80,791.24. The Nifty 50 index added 30.20 points or 0.12% to 24,729.05. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.30% and the S&P BSE Small-Cap index rose 0.80%. The market breadth was strong. On the BSE, 2,493 shares rose and 1,269 shares fell. A total of 126 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.70% to 13.59. The Nifty 29 August 2024 futures were trading at 24,760, at a premium of 30.95 points as compared with the spot at 24,729.05. The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 42.4 lakh contracts at the 25,000 strike price. Maximum Put OI of 44.8 lakh contracts were seen at 24,500 strike price. Buzzing Index: The Nifty Consumer Durables index gained 1.25% to 40,511.95. The index rallied 6.43% in eight consecutive trading sessions. Crompton Greaves Consumer Electricals (up 2.82%), Titan Company (up 2.31%), Cera Sanitaryware (up 0.85%), Whirlpool of India (up 0.77%), Rajesh Exports (up 0.73%), Voltas (up 0.65%), Dixon Technologies (India) (up 0.56%), V-Guard Industries (up 0.41%), Havells India (up 0.2%) and Kajaria Ceramics (up 0.17%) advanced. On the other hand, Amber Enterprises India (down 1.29%), Blue Star (down 0.89%) and Kalyan Jewellers India (down 0.68%) edged lower. Stocks in Spotlight : Larsen & Toubro rose 0.86%. The EPC major announced that it has secured a large order for its Transportation Infrastructure Business for the integrated infrastructure development project in Navi Mumbai. RateGain Travel Technologies added 0.59%. The company said that it has been selected by Thai International Public Company (Thai Airways) for a multi-year partnership with the company's dedicated platform for Airlines, AirGain. Hindustan Zinc rose 0.24%, The company announced that it has received a GST demand notice amounting to Rs 26.12 crore from the Office of the Commissioner of Central Excise & CGST Commissionerate.Powered by Capital Market - Live

The Transportation Infrastructure vertical of L&T has secured an order for Integrated Infrastructure Development project in Town Planning Schemes 2 to 7 under the Navi Mumbai Airport Influence Notified Area (NAINA) Project in Maharashtra. According to the company's project classification, the order is valued between Rs 2,500 crore to Rs 5,000 crore. The project has been awarded by City and Industrial Development Corporation Limited (CIDCO) for integrated infrastructure development of 60m & 45m wide roads, construction of various major & minor structures and allied electrical works. The project will have 4 approach roads of 13.28 Km having major structures (09 Nos) including 3 Iconic steel bridges over Kalundre river and Mumbai-Pune Expressway, minor bridges (12 Nos), underpasses (27 Nos) and approaches to structures. The project also involves the construction of utility works and allied electrical works.Powered by Capital Market - Live