The company has received a letter of intent for Rs 1,557 crore steam Turbine Generator package of 2X800 MW to be installed at Krishnapatnam power station in Andhra Pradesh, L&T said in a filing to the Bombay Stock Exchange.
This is the first order for supercritical 800MW steam Turbine Generator, the company added.
The generators for the said project would be supplied by L&T-MHI Turbine Generators, a joint venture company set up by L&T and Japan-based Mitsubishi Heavy Industries (MHI). The JV is in the process of setting up a manufacturing facility at Hazira in Gujarat.
L&T has also set up another JV with MHI for manufacturing of Supercritical Boilers.
"Both the JVs would be the pillars on which L&T's power business will be built in the years ahead," L&T added.
Shares of the company were trading at Rs 2236.25, down 1.36 per cent on the BSE in afternoon trade.