Larsen & Toubro Limited has announced the successful completion of transferring its L&T SuFin business to SuFin Limited, a wholly owned subsidiary, on March 31, 2026. The transaction involves the transfer of the company's e-commerce platform business pertaining to industrial and construction goods for a total consideration of ₹42.9 crores.

Transaction Details

The transfer was executed through a slump sale arrangement on a going concern basis, following the Business Transfer Agreement (BTA) that was initially signed on February 24, 2026. The company has informed both BSE Limited and National Stock Exchange of India Limited about the completion of this corporate restructuring initiative.

Business Overview

L&T SuFin represents the company's e-commerce platform business focused on industrial and construction goods. The platform has been transferred to SuFin Limited, which operates as a wholly owned subsidiary of Larsen & Toubro Limited, ensuring the business remains within the broader L&T ecosystem.

Financial Considerations

The total transaction value stands at ₹42.9 crores, though this amount remains subject to post-closing adjustments as per standard business transfer practices. The company has completed all necessary regulatory notifications to the stock exchanges as required under applicable regulations.

Corporate Communication

The announcement was made through an official communication dated March 31, 2026, signed by Subramanian Narayan, Company Secretary & Compliance Officer of Larsen & Toubro Limited. The notification was sent to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed under stock codes 500510 and LT respectively.

Larsen & Toubro Limited announced on March 27, 2026, that its Buildings & Factories (B&F) business vertical has secured multiple significant orders across several states in India, reinforcing the company's strong market position in the construction and engineering sector.

Major Order Wins Across Key States

The company has secured substantial contracts in two major industrial states, demonstrating its diversified project portfolio and geographic reach.

Comprehensive Project Scope and Capabilities

In Gujarat, Larsen & Toubro has been awarded the contract for construction of a Float Glass Plant. The comprehensive scope encompasses design and construction of all civil, steel, mechanical, electrical & plumbing works, along with associated external development activities.

The Andhra Pradesh project involves constructing a state-of-the-art manufacturing facility for a leading two-wheeler company. The scope includes civil, steel and architectural works, showcasing the company's expertise in automotive sector infrastructure development.

Additional Contract Wins and Customer Confidence

Beyond these primary contracts, the B&F business vertical has secured multiple add-on orders in existing projects. This development reflects the company's strong execution capabilities and the confidence it commands among its customer base.

The Buildings & Factories business vertical brings extensive domain knowledge and proven expertise to deliver EPC solutions across diverse segments including:

• Hospitals and public spaces
• Airports and data centres
• Residential and commercial buildings
• Automotive facilities and proving tracks
• New energy facilities including solar panel and battery storage plants
• Industrial structures such as paint plants, chemical plants, glass plants, and food processing units

Order Classification and Financial Impact

According to Larsen & Toubro's standardized order classification system, these contracts fall under the "Significant" category.

Company Background

Larsen & Toubro is a USD 30 billion Indian multinational corporation engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. The company has maintained leadership in its major lines of business for eight decades through a strong customer-focused approach and constant pursuit of top-class quality standards.