L&T picks up solar EPC order for Rs 12.5 cr per MW

Is L&T setting a new benchmark in solar EPC prices? Recently, the company said that it has bagged orders for putting up projects worth 10 MW for Rs 125 crore—Rs 12.5 crore per MW.

L&T does not own solar plants but is a leading player in putting up plants for others on turnkey basis. It currently has an order backlog of Rs 350 crore.

This comes at a time when Rs 9 crore per MW has come to be viewed as a benchmark for the industry, with expectations for further decrease in costs.

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