L&T Share Price News: Major Order for 1,600 MW Chandrapura Thermal Power Plant
The L&T share price is in focus after Larsen & Toubro added another large power project to its order book. L&T Energy CarbonLite Solutions, a subsidiary of L&T, has secured a limited notice to proceed (LNTP) from DVC CIL Power for what it described as a "major" order for the main plant package of the 1,600 MW Chandrapura thermal power plant in Jharkhand, Business Standard reported.
L&T closed at ₹3,701.50 on the NSE on October 7, 2026, down 1.82%, according to NSE bhavcopy data. Here's what the order involves and why India's thermal power build-out matters for L&T.
Key Takeaways
- L&T won a "major" order for the main plant package of the 2×800 MW Chandrapura thermal power station.
- The client, DVC CIL Power, is a 50:50 joint venture of Damodar Valley Corporation and Coal India.
- The project uses ultra-supercritical technology, which is more efficient than older coal plants.
- This follows L&T's LNTP from NTPC for the 1,600 MW Lara Stage-III project in July 2026.
Chandrapura Thermal Power Project: Key Details
| Detail | Value |
|---|---|
| Project | Chandrapura Thermal Power Station, Jharkhand |
| Capacity | 2 × 800 MW (1,600 MW) |
| Client | DVC CIL Power (50:50 JV of DVC and Coal India) |
| Contractor | L&T Energy CarbonLite Solutions |
| Order type | Limited notice to proceed, main plant package |
| Technology | Ultra-supercritical |
| L&T's classification | "Major" order |
Sources: Business Standard, October 8, 2026; PSU Connect.
According to PSU Connect, L&T's scope covers the design, engineering, manufacturing, supply, erection, testing and commissioning of boilers, steam turbines, generators and electrostatic precipitators. The project will move to the next stage once conditions such as environmental clearance are met.
When the joint venture was first signed in November 2025, the overall project was estimated at about ₹21,000 crore and was expected to be completed by 2031–32, Powerline reported. Coal for the plant will come from Coal India's Central Coalfields.
What Is a Limited Notice to Proceed?
An LNTP is an early go-ahead. It allows the contractor to start some initial work, typically engineering, design and ordering of long-lead equipment, before the full contract kicks in. The full notice to proceed usually follows once approvals like environmental clearance are in place.
Why do companies use it? Large power plants take years to build, and some equipment takes a long time to manufacture. An LNTP lets work begin sooner without waiting for every approval.
Why Thermal Power Orders Matter for L&T
India is adding thermal power capacity to meet fast-growing electricity demand, even as it expands renewables. That's created a steady pipeline of large coal plant orders.
L&T has been winning a good share. In July 2026, it received an LNTP from NTPC for the 2×800 MW Lara Stage-III project in Chhattisgarh, which a senior executive described as its third ultra-supercritical project from NTPC in two years, Deccan Herald reported.
Here's our take. For L&T, these orders add to an already large order book and improve revenue visibility for several years. The bigger question for investors is execution: delivering complex plants on time and on budget, while managing rising input costs.
L&T Share Price: Where the Stock Stands
| Metric | Value |
|---|---|
| Close (October 7, 2026) | ₹3,701.50 |
| Previous close | ₹3,770.00 |
| Day's range | ₹3,684.60 – ₹3,758.10 |
| 52-week high | ₹4,440.00 (February 24, 2026) |
| 52-week low | ₹3,288.10 (March 23, 2026) |
Source: NSE bhavcopy data.
Track the live L&T share price on GoPocket. Related stocks include Coal India, a partner in the project, and NTPC. Read our NTPC coal gasification story for more on India's coal-to-energy push.
What to Watch Next for L&T
- Full notice to proceed: after environmental clearance for Chandrapura.
- Q2 FY27 results: order inflow, order book size and margins.
- More thermal orders: further awards from NTPC and state utilities.
- Interest rates: higher rates can affect clients' project funding. See our RBI policy explainer.
Sources
- NSE India, bhavcopy data for LT, retrieved October 8, 2026
- Business Standard, Stocks to watch, October 8, 2026
- PSU Connect, DVC-CIL JV signs LNTP with L&T for 2×800 MW Chandrapura Thermal Power Project, October 2026
- Powerline, CIL and DVC sign JV for 1,600 MW coal-based expansion at Chandrapura, November 14, 2025
- Deccan Herald, L&T Energy secures LNTP for 1,600 MW thermal power plant, July 2026
Disclaimer: This article is for information and educational purposes only. It is not a recommendation to buy, sell or hold L&T shares or any other security. Please do your own research or consult a SEBI-registered investment adviser before investing.
