$LNT

Larsen & Toubro’s L&T Energy Hydrocarbon Offshore (LTEH Offshore) said it secured an “ultra-mega” order from a Middle East client for EPCIC work covering multiple offshore facilities, including engineering, procurement, construction, installation and commissioning. The firm noted fabrication will use its integrated facilities. L&T shares last traded at Rs. 4,076 on BSE.

The U.S. Department of Energy is blocking or stalling billions in grid-reliability grants, according to DOE Alumni Network and other monitors. Alliant Energy withdrew from a $50 million SPARC project after DOE terminated related funding. Sacramento Municipal Utility District reports no reimbursements since October. A consortium awaits $464 million for transmission lines. DOE Alumni Network says 356 awards totaling $12.5B were terminated since Jan 2025.

KCRG reports Cedar Rapids City Council approved buying a First Street property for $130,000 to clear flood protection and park plans tied to a Greenway Parks Plan behind a levee. FEMA certification is said to depend on residents vacating, affecting flood insurance rates. Separately, Alliant Energy received final Iowa DNR permits for the 650 MW Bobcat Energy Center, expected to open in 2029.

Synapse Energy Economics study says Connecticut residential standard service customers of Eversource Energy and The United Illuminating Co. paid $1.8B more than expected from 2016-2025, about $11 per month. It cites a 31% median retail price premium, 13 cents vs 10 cents per kWh. Massachusetts premium was $2.7B, New Hampshire $2.5B.

Alliant Energy said it received the final air permit from Iowa DNR for its natural gas-fired Bobcat Energy Center near its 650 MW Marshalltown Generating Station. The project also had unanimous Iowa Utilities Commission approval in December. Construction is expected to run for about three years, with commercial operation targeted for 2029 and up to 360 construction jobs.

Alliant Energy said it received final permits from the Iowa Department of Natural Resources to build the 650-megawatt Bobcat Energy Center in Marshalltown. The DNR approved the permits after the project met air quality standards. Alliant expects about 360 construction jobs and an expected 2029 start of operations, with 720 megawatts of generation capacity.

Larsen & Toubro’s subsidiary L&T Energy Hydrocarbon Offshore (LTEH Offshore) won offshore contracts from Oil & Natural Gas Corporation (ONGC) for India’s western coast. The awards cover ONGC’s Pipeline Replacement Project (PRP-X) and construction of four wellhead platforms. L&T said combined contract value is INR 50-100 billion (about $525.2m-$1.05b).

Utilities in multiple US states are signing deals with tech firms to ensure households do not bear higher power infrastructure costs from AI-driven data center growth. Examples include Entergy Louisiana’s agreement with Meta for the Richland Parish site, where Meta pays full project service costs; Entergy expects about $2 billion in customer savings over 20 years and $650 million in prior benefits. Similar frameworks involve Xcel Energy and Google, Dominion Energy, DTE Energy, NiSource/NIPSCO wi

Environmental groups sued Iowa and Alliant Energy, alleging coal ash leachate from Alliant’s 725 MW Ottumwa Generating Station contaminates groundwater and the Des Moines River with toxic metals. The case was filed in Polk County District Court. Alliant says operations meet federal pollution guidelines, while the groups claim Iowa DNR failed to incorporate EPA discharge limits.

Environmental groups including the Environmental Law & Policy Center, Iowa Environmental Council and Sierra Club sued Iowa DNR over NPDES discharge permits for Alliant Energy’s Ottumwa Generating Station and Ottumwa Midland Landfill. They allege the permits improperly allow coal-ash leachate or underdrain discharges into the Des Moines River watershed without 2024 EPA effluent limits. DNR says the streams are not leachate. The permits are valid through March 2031; DNR has not responded.