A subsidiary of Larsen & Toubro (L&T) has secured a limited notice to proceed for a "mega" order involving a 1,600 MW thermal power plant, the company announced on Thursday. A limited notice to proceed is an early-stage contractual authorization that permits preliminary engineering, procurement, and mobilization work to begin ahead of a finalized full contract.

This marks L&T's fifth consecutive day of order announcements, underscoring a sustained pipeline of contract wins across its engineering, construction, and infrastructure segments. In its classification framework, L&T designates orders valued between ₹5,000 crore and ₹7,000 crore as "mega" orders.

The order also reflects India's ongoing investment in coal-based thermal capacity. India's power demand has been hitting record highs, and the government has reiterated plans to add substantial thermal generation capacity to ensure grid reliability and meet baseline load requirements alongside the country's renewable energy buildout.

Larsen & Toubro is one of India's largest conglomerates, with operations spanning engineering, construction, manufacturing, technology, and financial services. The company is a major player in India's infrastructure and energy sectors, frequently undertaking large-scale thermal, hydroelectric, and renewable power projects as well as oil and gas infrastructure.

The announcement follows L&T's June quarter (Q1 FY27) earnings report, which delivered a mixed performance. The company's EBITDA fell short of market estimates, even as its order inflow for the quarter came in as a positive surprise, signaling continued demand momentum across its core businesses.

The original report is available at CNBC-TV18.