AUGUST 20258L&T WINS RS 15,000 CR ADANI POWER DEAL FOR 6,400 MW THERMAL PROJECTSTAINLESS STEEL INDUSTRY SEEKS ANTI-DUMPING PROBE ON IMPORTSLarsen & Toubro Ltd (L&T), an engineering firm, received an ultra-mega project from Adani Power Ltd to establish eight thermal power units of 800 MW each, totalling 6,400 MW capacity. The project amounts to more than 15,000 crore, which equals the firm's ultra-mega order criteria.The contract will be implemented by L&T Energy ­ CarbonLite Solutions (LTECLS), which is focused on advanced power and low-carbon solutions as part of L&T Group. The domestic stainless steel industry has filed a petition with the Directorate General of Trade Remedies (DGTR) to consider anti-dumping duties on cheap imports, which are hitting local players, Jindal Stainless, Managing Director, Abhyuday Jindal has said.The Indian Stainless Steel Development Association (ISSDA), on behalf of the industry, has filed the application to carry out an investigation into the dumping of stainless In a filing with the exchanges on Monday, L&T said the work includes overall design, engineering, manufacturing, and supply and commissioning of Boiler-Turbine-Generator (BTG) packages and auxiliaries as well as their associated mechanical, electrical, and instrumentation systems."Reading about these dynamics in the energy sector where India's thirst for reliable, affordable power continues to increase and with this order from Adani Group further highlights our position as a partner in building the country's energy infrastructure," said Subramanian Sarma, Deputy Managing Director & President of L&T.Adani Power, India's largest private-sector thermal power producer in terms of installed capacity (18,000 MW+) is positioning itself to meet India's baseload electricity needs, which will improve with the project. It's a deepening of more than just a business relationship; it speaks of an increasingly productive collaboration to bring L&T's engineering and Adani's focus on reliability and efficiency of energy delivery.This project is a notable advancement in India's energy infrastructure's growth trajectory as it showcases a greater commitment to large-scale, high-efficiency power generation. steel items in the domestic market from a selected group of countries.The industry is now awaiting the DGTR to start its investigation," Jindal said. The DGTR is the apex authority to implement and administer all trade remedial measures, including antidumping, countervailing duties and safeguard measures under the Ministry of Commerce.Jindal said that the application was filed around the end of June. "DGTR also takes two to three months to start an investigation," he added.When asked whether there is a need for a duty immediately in view of global uncertainty in the context of U.S. tariffs, Jindal said, Certainly, because for a number of years we have suffered from substandard dumped material from countries like China, Vietnam, Indonesia, and now faced with these absolutely trade uncertainities on a global scale, it is absolutely needed to protect our borders and our homegrown companies. "Situation is urgent because this is where the growth is coming. India is where the market is growing," he said. According to market research firm BigMint, China, Indonesia, Vietnam, and South Korea were the main suppliers of India's 1.73 million tons of stainless steel imports in FY25. TOP STORIESTOP STORIESTOP STORIES
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