Larsen and Toubro (L&T),which plans to focus on strengthening its engineering and construction segment after the change of guard at the top-rung over the weekend,expects to bag 200 mw of solar projects in the next fiscal.
The newly-appointed managing director and chief executive Krishnamurthi Venkataramanan has laid emphasis on strenghtening the EPC segment,which constitutes over 80 per cent of the business,by ensuring prompt execution of projects.
L&T Construction,a part of the USD 11.7-billion conglomerate,has emerged as the largest EPC player in the country’s solar power sector,with orders for over 200 mw and is now targeting a cumulative tally of solar power experience to increase to 400 mw by FY13,the company said in a statement here.
The company aims to achieve a target of 112 mw of installed capacity by next month,it added.
L&T has already commissioned a 25 mw solar plant at Charankha in Gujarat,using tier-1 crystalline PV technology and another 40 mw plant,employing thin film technology,is under commissioning at Pokhran in Rajasthan,the release said.
Of the 66 mw solar projects commissioned in Gujarat,the 10 mw plant located at Surendranagar has adopted tier-1 crystalline PV modules and single axis trackers.