The order has been awarded to Enviro Infra Engineers through its step-down subsidiary, Suyog Urja Ltd
Under L&T’s order classification, a “large” contract is valued between Rs 2,500 crore and Rs 5,000 crore
The acquisition has been completed and does not fall under related-party transactions. No government or regulatory approval is required for the transaction
According to the company, the transaction has reduced borrowing costs by about 150 basis points across the issuing SPVs
