Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, has made significant strides in expanding its capabilities in the nuclear power and defence sectors through strategic partnerships.

Nuclear Power Sector Collaboration

L&T's Heavy Engineering division has signed a Memorandum of Understanding (MoU) with Holtec International's Asia arm to offer design and build solutions for Heat Transfer Equipment. This collaboration builds upon L&T's existing partnership with Holtec for the global deployment of SMR-300 (Small Modular Reactor), which is supported by the prestigious 810 Authorization from the US Department of Energy.

The partnership aims to combine L&T's world-class nuclear manufacturing capabilities with Holtec's pioneering design expertise to deliver cutting-edge solutions for nuclear and thermal power plants worldwide. The focus will be on developing technology that can:

• Optimize thermal regulation
• Maximize cycle efficiency
• Ensure reliable power plant operation

Mr. Anil Parab, Whole-time Director & Senior EVP – Heavy Engineering & CE & IPDD at L&T, emphasized the strategic importance of this partnership, stating, "Post the COVID pandemic, energy security emerged as a strategic need, with more than 32 countries having committed to triple their nuclear power generation capacity. Our partnership with Holtec is a key strategic move to fast-track efficient energy systems and shape a sustainable energy future for both India and the world".

Defence Sector Collaboration

In a separate development, L&T has also announced a partnership with General Atomics Aeronautical Systems to manufacture Medium Altitude Long Endurance (MALE) remotely piloted aircraft systems in India for the Indian Armed Forces. L&T will serve as the prime bidder for the Ministry of Defence's 87 MALE RPAS programme, further solidifying its position in the defence sector.

Market Performance

As of the latest trading session, L&T shares were trading 0.3% lower at ₹4,018.20. However, the company has shown strong performance in recent months:

These strategic partnerships in both the nuclear power and defence sectors demonstrate L&T's commitment to expanding its capabilities and contributing to India's energy security and defence modernization efforts.

Larsen & Toubro (L&T), a prominent Indian multinational, has entered into a strategic partnership with Holtec International's Asia arm to bolster heat transfer solutions for the nuclear power industry. This collaboration marks a significant step towards advancing technological capabilities in the nuclear sector's heat management systems.

Key Highlights of the Partnership

• Memorandum of Understanding (MoU): L&T's Heavy Engineering business vertical has signed an MoU with Holtec International, a US-based nuclear energy solutions provider.
• Focus Area: The partnership aims to offer design and build solutions for Heat Transfer Equipment.
• Existing Collaboration: This MoU builds upon an existing partnership between L&T and Holtec for the global deployment of SMR-300 (Small Modular Reactor) designed by Holtec.
• US Department of Energy Support: The collaboration is supported by the prestigious 810 Authorization granted to L&T by the US Department of Energy.

Scope of Collaboration

The partnership between L&T and Holtec is set to combine:

• L&T's world-class nuclear manufacturing capabilities
• Holtec's pioneering design expertise

This synergy aims to deliver cutting-edge solutions for nuclear and thermal power plants worldwide, with a special focus on Heat Transfer Solutions for conventional power plant islands and balance of plant.

Strategic Importance

Mr. Anil Parab, Whole-time Director & Senior EVP – Heavy Engineering & CE & IPDD at L&T, highlighted the strategic significance of this partnership:

"Post the COVID pandemic, energy security emerged as a strategic need, with more than 32 countries having committed to triple their nuclear power generation capacity. Our partnership with Holtec is a key strategic move to fast-track efficient energy systems and shape a sustainable energy future for both India and the world."

Expected Outcomes

The collaboration is anticipated to:

1. Drive the development of reliable and resilient technology
2. Optimize thermal regulation in power plants
3. Maximize cycle efficiency
4. Ensure reliable operation of power plants
5. Contribute to global energy transition

This partnership between L&T and Holtec represents a significant step towards enhancing the efficiency and reliability of nuclear power generation, potentially playing a crucial role in addressing global energy needs and sustainability challenges.