Larsen & Toubro has issued an official clarification regarding media reports about potential cancellation of oil project tenders in Kuwait worth $8.7 billion. The company responded to queries from BSE Limited and National Stock Exchange of India Limited on January 13, 2026, addressing concerns raised by a news report that impacted its share price.

Company's Official Response

The engineering and construction major clarified that the projects referenced in the media report were not part of the company's current order book. This clarification came in response to a news item published on Moneycontrol.com dated January 13, 2026, titled "Kuwait is discussing cancellation of oil project tenders worth $8.7 bn, says report; L&T shares fall 3%: Here's why."

Key Clarification Points

The company made two important statements in its regulatory filing:

• The Kuwait oil projects mentioned in the media report were not part of Larsen & Toubro's order book
• The company cannot comment on the status of tenders or commercial decisions of its clients

Regulatory Compliance

The clarification was issued under Regulation 30 of the Securities and Exchange Board of India (SEBI) regulations, which requires listed companies to disclose material information that could impact investor decisions. The document was signed by Subramanian Narayan, Company Secretary and Compliance Officer, and submitted to both major Indian stock exchanges.

Market Impact Context

The original media report had suggested that Kuwait was discussing the potential cancellation of oil project tenders worth $8.7 billion, which led to a 3% decline in Larsen & Toubro's share price. The company's prompt clarification aimed to address investor concerns and provide accurate information about its involvement in the mentioned projects.

Larsen & Toubro has issued an official clarification addressing recent media reports concerning Kuwait oil project tenders valued at $8.7 billion. The engineering and construction conglomerate sought to set the record straight regarding its involvement in these reported projects.

Project Status Clarification

The company has explicitly stated that the Kuwait oil projects mentioned in media reports are not part of its current order book. This clarification comes in response to speculation and reports that may have suggested the company's direct involvement or confirmed participation in these substantial infrastructure projects.

Company's Official Position

Larsen & Toubro has maintained its standard policy regarding client confidentiality by stating that it cannot comment on clients' commercial decisions. This position reflects the company's professional approach to handling sensitive commercial information and maintaining trust with its clients across various projects and geographies.

Market Context

The clarification addresses potential market speculation that may have arisen from the media reports. By providing this official statement, the company aims to ensure accurate information is available to stakeholders, investors, and the market regarding its actual project commitments and order book status.

The company's proactive approach in addressing media reports demonstrates its commitment to transparency while respecting client confidentiality protocols that are standard in the engineering and construction industry.