Larsen & Toubro (L&T), a leading Indian multinational conglomerate, has recently received multiple positive updates across various aspects of its business operations, including a significant new contract, credit ratings, order acquisitions, strategic partnerships, and financial performance.

New Large Contract

L&T has secured a large contract with a value ranging between 25 to 50 billion rupees. This contract represents a significant business win for the company, further solidifying its strong market position.

Credit Rating Upgrades

L&T has achieved significant milestones in its credit ratings:

These newly assigned ratings from two major global rating agencies reflect L&T's strong financial position and positive business outlook.

Significant Order Wins

The company has secured several notable orders:

1. A data centre project in Uzbekistan
2. Residential and commercial towers from Brigade Group
3. Various infrastructure projects

These new contracts underscore L&T's diverse project portfolio and its ability to secure business across different sectors and geographies.

Strategic Partnerships

L&T has forged key partnerships to strengthen its market position:

• Collaboration with ReNew Power for green hydrogen business
• Signed Master Ship Repair Agreement with U.S. Navy

These partnerships indicate L&T's focus on expanding into emerging sectors like green energy and reinforcing its presence in the defense industry.

Strong Quarterly Performance

L&T reported robust financial results for the recent quarter:

The substantial order inflows and double-digit revenue growth demonstrate L&T's strong market position and execution capabilities.

ESG Rating and Acquisition

In other developments:

• L&T received an ESG rating of 'CRISIL ESG 63' under the 'Strong' category, highlighting its commitment to sustainable practices.
• The company completed the acquisition of the entire stake in the L&T-Chiyoda Limited joint venture, potentially strengthening its control over operations in this segment.

These diverse updates across credit ratings, order wins, partnerships, and financial performance showcase L&T's robust business model and its ability to navigate various market segments successfully.

Larsen & Toubro (L&T), a prominent engineering and construction conglomerate, has announced a series of significant corporate developments spanning from 2023 to 2025. These updates encompass various aspects of the company's operations, including share buybacks, acquisitions, and new financial instruments.

Corporate Actions and Financial Decisions

In July 2023, L&T's board proposed a share buyback and special dividend consideration, with the record date set for August 2, 2023. This move may signal the company's confidence in its financial position and commitment to returning value to shareholders.

Regulatory Challenges

L&T faced a regulatory hurdle in June 2024 when the Income Tax Department imposed a penalty of Rs. 4.69 crore for the Assessment Year 2020-21. This penalty was related to the company's erstwhile subsidiary, L&T Hydrocarbon Engineering Limited. L&T plans to appeal this decision, demonstrating its approach to addressing regulatory issues.

Strategic Acquisition

In February 2025, L&T acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited from Nuclear Power Corporation of India Limited (NPCIL) for Rs. 170.00 crore. This acquisition transformed the entity into a wholly owned subsidiary of L&T.

Business Expansion

L&T secured construction contracts for its Buildings & Factories and Metallurgical & Material Handling businesses. While specific details of these contracts were not provided, this development indicates ongoing activity in these sectors for L&T.

Innovative Financial Instrument

In June 2025, L&T listed Environmental, Social, and Governance (ESG) bonds on the National Stock Exchange (NSE). The key details of this financial instrument are as follows:

This initiative diversifies L&T's funding sources and aligns with the emphasis on sustainable and responsible investing.

Conclusion

These developments showcase L&T's approach to corporate strategy, encompassing shareholder value creation, strategic acquisitions, business expansion, and innovative financial instruments. As the company addresses regulatory challenges and explores new avenues for growth, these moves may impact L&T's performance and market position.