L&T shares hit a day’s high of ₹3,823.40 on Tuesday after bagging its third big order in three days, a ₹15,000 crore Europe wind deal.

L&T has teamed up with Hitachi Energy to work with TenneT, the grid operator for the Netherlands and Germany, on a large offshore wind programme. Together they will help connect wind power generated in the North Sea to the power grids on land.

The tie up covers six projects in total, with L&T handling the engineering, construction and installation side, while Hitachi Energy brings the technology needed to convert and transmit the power efficiently.

Two of the projects are already underway, called IJmuiden Ver Alpha and Nederwiek 1. Work is now starting on two new ones as well, Nederwiek 3 in the Netherlands and LanWin 5 in Germany.

Once complete, the whole programme will be able to carry 8 GW of power, enough to move a significant chunk of Europe’s offshore wind energy onto the mainland grid.

This is the third straight day L&T has announced a fresh order. On Monday it picked up a contract worth ₹5,000 to ₹10,000 crore, and on Friday it bagged one in the ₹2,500 to ₹5,000 crore range.

Including a bigger win the week before, L&T has now announced orders totalling close to ₹45,000 crore since 20 May. The TenneT deal also lands just hours before the company is due to report its June quarter results later on Tuesday.

At 12:00 pm, the stock was trading around ₹3,812 on the NSE, up marginally for the day. It remains down close to 8% so far this year, though it has still gained over 11% in the past 12 months.

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