Larsen & Toubro has announced the successful acquisition of a major contract valued between ₹50 billion and ₹100 billion, marking a significant milestone for the engineering and construction conglomerate. This substantial contract win represents a notable addition to the company's project portfolio and order book.

Contract Details

The contract details are summarized in the following table:

Strategic Significance

This contract acquisition demonstrates L&T's continued strength in securing large-scale projects and maintaining its competitive position in the market. The substantial value range of ₹50-100 billion indicates the significant scale and scope of the project, which will contribute meaningfully to the company's revenue pipeline.

Business Impact

The contract win reinforces L&T's ability to compete effectively for high-value projects and adds substantial backing to its order book. This development showcases the company's operational capabilities and market reputation in securing major business opportunities across its various segments.

The successful contract acquisition positions L&T favorably for sustained business growth and demonstrates the company's continued appeal to clients seeking reliable execution of large-scale projects.

L&T Finance Limited has successfully completed the allotment of subordinated, unsecured, rated, listed, redeemable non-convertible debentures (NCDs) worth ₹50.00 crore on December 31, 2025. The company informed stock exchanges about the completion of this private placement issuance under SEBI regulations.

Allotment Details

The financial services company has structured the NCD allotment with specific parameters designed to strengthen its Tier II capital base. The debentures were allotted to identified investors through private placement basis.

Issue Structure and Terms

The NCDs carry a fixed coupon rate of 7.75% per annum, with the first coupon payment scheduled for December 31, 2026, and annually thereafter. Each debenture will pay ₹7.75 lakh as annual coupon, providing investors with predictable returns over the 10-year investment period.

Capital Enhancement Strategy

The NCD issuance represents L&T Finance's strategic initiative to enhance its subordinated debt portfolio for Tier II capital inclusion. The company had initially planned a base issue size of ₹50.00 crore with a green shoe option of up to ₹150.00 crore, collectively allowing for up to ₹200.00 crore in total issuance.

The debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of the National Stock Exchange of India Limited, providing liquidity options for investors. The unsecured nature of these instruments reflects the company's strong credit profile, while the subordinated structure supports regulatory capital requirements.

Regulatory Compliance

L&T Finance has completed the allotment in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The company has informed both NSE and BSE about the successful completion of this private placement, ensuring full regulatory transparency.