Larsen & Toubro Limited announced on April 23, 2026, that its Buildings & Factories (B&F) business vertical has secured multiple significant orders in India, strengthening its position in the construction and infrastructure sector.

Major Order Wins

The company has secured two notable contracts that demonstrate its capabilities across different construction segments. These orders span residential and industrial infrastructure projects in the National Capital Region and Haryana.

Project Scope and Significance

The Oberoi Realty project involves comprehensive construction services for seven high-rise residential towers in Gurugram, NCR. The scope encompasses RCC shell and core construction, earthworks, and piling activities, all scheduled for execution within stringent timelines.

The second major contract involves constructing a proving ground facility for a reputed international company in Haryana. This facility will enhance testing infrastructure for vehicles embedded with latest technology. Beyond the core proving ground construction, the project includes finishing works and external development relevant to the facility.

Business Vertical Capabilities

L&T's Buildings & Factories business vertical brings strong domain knowledge, proven expertise, and extensive experience in delivering EPC solutions across multiple segments. The vertical's portfolio spans:

• Hospitals and public spaces
• Airports and data centers
• Residential buildings and commercial spaces
• Automobile factories and proving tracks
• New energy facilities including solar panel and battery storage plants
• Paint and chemical plants, glass plants
• Food processing units and complex industrial structures

Order Classification Framework

According to L&T's standardized order classification system, these contracts fall under the "Significant" category. The company categorizes orders based on value ranges to provide transparency to stakeholders.

Company Background

Larsen & Toubro operates as a USD 30.00 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services across multiple geographies. The company's customer-focused approach and commitment to top-class quality have enabled it to maintain leadership in its major business lines for eight decades.

Larsen & Toubro has officially incorporated a wholly owned subsidiary, Vyoma.AI Limited, on April 22, 2026, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The engineering conglomerate announced this strategic corporate development through a formal communication to stock exchanges on April 23, 2026.

Regulatory Disclosure and Capital Structure

The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on April 22, 2026. Company Secretary & Compliance Officer Narayan Subramanian formally notified BSE Limited and National Stock Exchange of India Limited about the subsidiary formation. Vyoma.AI Limited has been established with specific capital parameters and ownership structure designed to support its AI-focused operations.

Business Focus and Strategic Objectives

Vyoma.AI Limited has been formed specifically for establishing data centres and AI infrastructure to provide Infrastructure and Technology enabled Services. This strategic initiative positions Larsen & Toubro to capitalize on the growing demand for artificial intelligence solutions and digital infrastructure services across various industry verticals.

Corporate Structure and Operations

The wholly owned subsidiary structure enables Larsen & Toubro to concentrate its AI-related investments and technological expertise under a dedicated entity. As a newly incorporated company, Vyoma.AI Limited is yet to commence business operations, providing a clean slate for developing specialized AI capabilities and infrastructure solutions.

Compliance Framework

The incorporation follows proper regulatory procedures in compliance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure ensures transparency in corporate actions for stakeholders and investors, with the entire share capital subscribed by L&T along with its nominee shareholders through cash consideration.