Latest news about Larsen & Toubro
Larsen & Toubro
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More news about Larsen & Toubro
23Apr 26
Larsen & Toubro Pays Rs 144 Crore Interest on Non-Convertible Debentures
Larsen & Toubro Limited completed its scheduled Rs 144 crore interest payment on non-convertible debentures on April 23, 2026. The payment relates to the company's Rs 1800 crore debenture issue (ISIN: INE018A08BF6) and was made on time without delays. The yearly payment maintains the company's consistent debt servicing schedule, with the previous payment made on April 23, 2025. The company filed the required regulatory certificate confirming compliance with SEBI regulations.
23Apr 26
L&T Energy GreenTech Enters Long-Term Green Ammonia Partnership with Japan's ITOCHU Corporation
L&T Energy GreenTech Ltd (LTEGL), a wholly-owned subsidiary of Larsen & Toubro, has signed a long-term partnership with ITOCHU Corporation of Japan to supply 300000 tonnes of green ammonia per annum from its proposed production facility at Kandla, Gujarat. The agreement, signed on a captive long-term take-or-pay basis, builds upon a Joint Development Agreement signed in July 2025 and marks progression from joint development to securing long-term demand. The partnership aligns with India's National Green Hydrogen Mission and supports ITOCHU's strategy to develop a global green ammonia ecosystem across key maritime trade routes, including Singapore.
20Apr 26
Jefferies Maintains Buy Rating on Larsen & Toubro with ₹4,500 Target Price
Jefferies maintains its Buy rating on Larsen & Toubro Limited with a ₹4,500 target price, citing multiple positive factors. The brokerage highlights the company's share price recovery post Middle East conflict, potential reconstruction opportunities in the region, and manageable impact from oil price and cost inflation pressures. The positive outlook is supported by expected double-digit medium-term growth and ongoing semiconductor investment discussions.
17Apr 26
Larsen & Toubro Records Rs 25.39 Crore Block Trade on NSE
Larsen & Toubro Ltd. recorded a significant block trade worth Rs 25.39 crores on NSE, involving approximately 61,935 shares at Rs 4,099.30 per share. The transaction reflects institutional trading activity and demonstrates strong liquidity in the engineering major's shares.
17Apr 26
Larsen & Toubro Records Rs 19.32 Crore Block Trade on NSE at Rs 4111.80 Per Share
Larsen & Toubro recorded a significant block trade on NSE worth Rs 19.32 crores involving approximately 46,986 shares at Rs 4111.80 per share. This institutional transaction reflects active investor interest and strategic positioning in the engineering major's stock through off-market trading mechanisms.
15Apr 26
Investec Maintains Buy Rating on Larsen & Toubro with Target Price of ₹4,860
Investec has maintained its Buy rating on Larsen & Toubro with a target price of ₹4,860, citing multiple growth drivers including robust international pipeline, renewables expansion through ACWA plans, hydrocarbon diversification via new oil and gas opportunities, and large infrastructure project wins that enhance growth visibility.
14Apr 26
Larsen & Toubro Completes ₹1,123 Crore Green Scapes Acquisition on April 13
Larsen & Toubro has successfully completed the acquisition of International Green Scapes Limited for ₹1,123 crores through its subsidiary L&T Realty Properties Limited on April 13, 2026. The transaction involved purchasing 100% stake comprising 58,23,425 equity shares of the Gurugram-based real estate company, which was incorporated in 1993 and holds licenses for residential property development.
13Apr 26
HSBC Maintains Hold Rating on Larsen & Toubro with ₹3,900 Target Price Amid Mixed Outlook
HSBC maintains Hold rating on Larsen & Toubro with ₹3,900 target price, recognizing resilient March-quarter execution while flagging margin headwinds from input costs and FX volatility. The brokerage also highlighted slower order inflows and potential Middle East disruptions as key risks for FY27 performance.
08Apr 26
Larsen & Toubro Emerges Lowest Bidder for NTPC Lara and DVC-CIL Project Package Worth Rs 22,500 Crore
Larsen & Toubro has emerged as the lowest bidder for NTPC Lara and DVC-CIL project package valued at Rs 22,500 crore. This positions the engineering major favorably for a potential major contract award in the power infrastructure sector, representing a significant opportunity to strengthen its order book.
08Apr 26
Larsen & Toubro Records Rs. 18.83 Crore Block Trade on NSE
Larsen & Toubro Ltd. executed a significant block trade on NSE worth Rs. 18.83 crores, involving approximately 47,216 shares at Rs. 3987.60 per share. The transaction indicates substantial institutional investor activity in the engineering and construction company's stock.
07Apr 26
Larsen & Toubro Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026
Larsen & Toubro Limited filed its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, on April 7, 2026. The certificate confirms that details of securities dematerialized and rematerialized during the quarter were furnished to BSE and NSE. Supporting documentation from registrar KFin Technologies Limited dated April 4, 2026, was included with submissions to both NSDL and CDSL depositories.
07Apr 26
Larsen & Toubro Discloses ₹9,800 Crore Outstanding Debt Securities Portfolio as of March 2026
Larsen & Toubro Limited filed its mandatory debt securities disclosure for the half-year ended March 31, 2026, revealing five active NCDs with ₹9,800 crore outstanding. The portfolio includes coupon rates from 6.35% to 8.00% with maturities spanning 2028 to 2035, demonstrating structured debt management and regulatory compliance.
07Apr 26
Larsen & Toubro Records Rs. 18.09 Crore Block Trade on NSE
Larsen & Toubro Ltd. executed a major block trade on NSE worth Rs. 18.09 crores involving approximately 48,805 shares at Rs. 3,707.00 per share. The transaction represents significant institutional trading activity in the engineering major's stock.
07Apr 26
Larsen & Toubro Records Rs. 15.03 Crore Block Trade on NSE
Larsen & Toubro Ltd. witnessed a significant block trade on NSE worth Rs. 15.03 crores involving 40,513 shares at Rs. 3,710.60 per share. The transaction indicates substantial institutional trading activity in the engineering major's stock through the block trade mechanism.
01Apr 26
Larsen & Toubro Records Rs. 35.49 Crore Block Trade on NSE
Larsen & Toubro Ltd. executed a major block trade on NSE worth Rs. 35.49 crores, involving approximately 97,695 shares at Rs. 3,633.00 per share. The transaction reflects significant institutional trading activity in the engineering major's stock. Block trades typically indicate large-scale investment decisions by institutional investors and demonstrate the stock's liquidity in the institutional segment.
01Apr 26
Larsen & Toubro Completes Transfer of L&T SuFin Business to Subsidiary for ₹42.9 Crores
Larsen & Toubro Limited completed the transfer of its L&T SuFin e-commerce platform business to wholly owned subsidiary SuFin Limited on March 31, 2026, for ₹42.9 crores. The transaction was executed through slump sale on going concern basis, following the Business Transfer Agreement signed on February 24, 2026. The consideration amount remains subject to post-closing adjustments as per standard practice.
27Mar 26
L&T's Buildings & Factories Business Wins Significant Orders Across Gujarat and Andhra Pradesh
Larsen & Toubro's Buildings & Factories business has won significant orders worth ₹1,000-2,500 crores across Gujarat and Andhra Pradesh on March 27, 2026. The contracts include a Float Glass Plant construction in Gujarat with comprehensive EPC scope, and a two-wheeler manufacturing facility in Andhra Pradesh. The company also secured multiple add-on orders in existing projects, demonstrating strong execution capabilities and customer confidence in its diverse industrial construction expertise.
25Mar 26
L&T Secures Significant Water Treatment Order from Guwahati Metropolitan Board
Larsen & Toubro's Water & Effluent Treatment business has won a significant design-build-operate order from Guwahati Metropolitan Drinking Water & Sewerage Board for a comprehensive 24x7 water management project in South-East Guwahati. The project includes design, construction, and commissioning of water infrastructure components, along with a SCADA system and five-year operation and maintenance services. This order, valued between ₹ 1,000-2,500 crore, strengthens L&T's presence in India's northeast region and reinforces its commitment to delivering sustainable water solutions.
24Mar 26
L&T Completes SiliConch Systems Amalgamation with Semiconductor Unit
Larsen & Toubro has officially completed the amalgamation of SiliConch Systems Private Limited with L&T Semiconductor Technologies Limited, effective March 24, 2026. The merger received regulatory approval from the Ministry of Corporate Affairs on March 13, 2026, with an appointed date of August 10, 2025. This corporate restructuring consolidates the company's semiconductor operations under a single business unit.
24Mar 26
Larsen & Toubro Allots 20,661 Equity Shares Under Employee Stock Option Schemes
Larsen & Toubro Limited's Nomination & Remuneration Committee approved the allotment of 20,661 equity shares to employees who exercised their stock options under the company's ESOP schemes. The approval was granted during an NRC meeting held on March 24, 2026. The newly allotted shares will have equal rights and privileges as existing equity shares, ranking pari-passu in all respects.
23Mar 26
Larsen & Toubro Explores Chinese Partnerships Under Revised FDI Framework
Larsen & Toubro is exploring strategic collaborations with Chinese companies under new FDI regulations, focusing on competitive pricing and cost savings. The initiative aligns with Press Note 3, targeting solar energy, capital goods, and electronics sectors for potential partnerships and operational optimization.
23Mar 26
Macquarie Maintains Outperform Rating on Larsen & Toubro with Target Price of Rs 4910
Macquarie has reaffirmed its Outperform rating on Larsen & Toubro with a target price of Rs 4910, citing strong operational performance with 95% of project sites remaining functional and only 5% stalled with minimal revenue impact. The brokerage acknowledges potential logistics and supply risks if conflicts extend beyond three months but views the recent 22% stock correction as creating attractive investment value for the engineering major.
21Mar 26
Larsen & Toubro Schedules Media Interaction on Middle East Operations and Employee Safety
Larsen & Toubro Limited has scheduled a media interaction for March 21, 2026 at 6:00 PM in Mumbai to discuss Middle East operations. The session will cover project execution updates, including current status and progress of ongoing projects in the region, and comprehensive employee safety measures for workforce deployed across Middle East geographies. The company confirmed no unpublished price sensitive information will be shared during the interaction.
19Mar 26
Larsen & Toubro Receives BSE and NSE Observation Letters for Proposed Scheme of Arrangement
Larsen & Toubro Limited received observation letters from BSE (March 18, 2026) and NSE (March 19, 2026) for its proposed scheme of arrangement with L&T Realty Properties Limited. Both exchanges issued 'no adverse observation' and 'no objection' respectively, enabling NCLT filing within six months. The letters outline comprehensive compliance requirements including extensive shareholder disclosures, financial data currency requirements, and mandatory demat form for new equity shares.
18Mar 26
Goldman Sachs Maintains Buy Rating on Larsen & Toubro with Rs 4420 Target Despite Middle East Concerns
Goldman Sachs maintains its Buy rating on Larsen & Toubro with Rs 4420 target price despite an 18% stock decline driven by Middle East project execution concerns and potential regional capex slowdown. The brokerage has cut core order inflow projections for FY27E from 7.7% to 1.1%, expecting Q4 revenue impact and weak Q1FY27 execution. However, Goldman Sachs views the medium-term prospects as intact, considering current project deferrals as short-term challenges.
16Mar 26
CLSA Maintains Outperform Rating on Larsen & Toubro with Target Price ₹4,842
CLSA maintains Outperform rating on Larsen & Toubro with ₹4,842 target price, citing strong visibility from Saudi Aramco's $50-55 billion 2026 capex guidance, robust operating cash flow, and expanding renewables opportunities. The company's diversified global energy infrastructure pipeline and $80 billion backlog support growth prospects, while the recent 23% stock correction is viewed as an accumulation opportunity.
13Mar 26
Larsen & Toubro Records ₹94.09 Crore Block Trade on NSE
Larsen & Toubro witnessed a major block trade on NSE valued at ₹94.09 crores, involving 271,505 shares traded at ₹3465.40 per share. The transaction highlights significant institutional activity and demonstrates strong liquidity in the engineering and construction company's stock.
26Feb 26
Larsen & Toubro Acquires 5.6 Million Units of Capital Infra Trust at ₹69.50 Per Unit
Larsen & Toubro has acquired 5.6 million units of Capital Infra Trust through a bulk deal transaction at ₹69.50 per unit. The transaction, valued at ₹389.20 million, represents a strategic investment by the engineering major in infrastructure assets. The bulk deal mechanism was utilized for efficient execution of this large-volume institutional transaction.
26Feb 26
Larsen & Toubro Records ₹73.43 Crore Block Trade on NSE
Larsen & Toubro witnessed substantial institutional activity with a block trade worth ₹73.43 crores on NSE. The transaction involved approximately 171,087 shares at ₹4,291.90 per share, highlighting the company's continued appeal among large investors and the liquidity of its stock in institutional portfolios.
25Feb 26
Larsen & Toubro Wins Major Power Transmission EPC Contracts in India and Middle East
Larsen & Toubro announced major EPC contract wins through its Power Transmission & Distribution vertical for projects in India and Middle East. The domestic projects include two 220 kV Gas Insulated Substations in West Bengal's industrial belt, while international contracts cover five substations and over 250 km transmission lines across three Middle East countries, with projects up to 500 kV level.
24Feb 26
Larsen & Toubro Wins Significant LIGO India Observatory Contract Worth ₹1000-2500 Crores
Larsen & Toubro has secured a major contract worth ₹1000-2500 crores from the Department of Atomic Energy for establishing the LIGO India Observatory in Maharashtra. The project involves comprehensive engineering, procurement and construction of specialized high-precision infrastructure for gravitational wave detection, reinforcing L&T's expertise in complex scientific projects.
24Feb 26
Larsen & Toubro Transfers E-commerce Platform Business to Wholly Owned Subsidiary for ₹60 Crore
Larsen & Toubro Limited executed a Business Transfer Agreement on February 24, 2026, to transfer its SuFin e-commerce platform business to wholly owned subsidiary SuFin Limited for ₹60 crore consideration. The SuFin business generated ₹20.16 crore revenue (0.01% of total) with ₹59.42 crore net worth (0.08% of total) in FY 2024-25. The slump sale transaction is expected to complete by April 01, 2026, and is being conducted at arm's length as a related party transaction in compliance with regulatory requirements.
18Feb 26
Larsen & Toubro Partners with NVIDIA to Build India's Largest Gigawatt-Scale AI Factory Under India AI Mission
Larsen & Toubro has partnered with NVIDIA to build India's largest gigawatt-scale AI factory under the India AI Mission, combining L&T's engineering capabilities with NVIDIA's AI infrastructure including GPUs, CPUs, and networking solutions. The venture will scale operations at L&T's Chennai datacenter to 30 MW capacity within a 300-acre campus and develop a new 40 MW Mumbai facility. The AI factory will serve global hyperscalers, cloud providers, and enterprises across manufacturing, energy, financial services, healthcare, and public services, supporting India's vision of becoming a global AI powerhouse with sovereign infrastructure.
16Feb 26
L&T Signs Agreement to Divest Nabha Power Limited to Torrent Power for ₹3,660.87 Crores
Larsen & Toubro executed a Securities Purchase Agreement on February 16, 2026, to divest Nabha Power Limited to Torrent Power for ₹3,660.87 crores, with completion expected by June 30, 2026. NPL operates a 1,400 MW thermal power plant in Punjab and contributed ₹4,421.54 crores in turnover (1.73% of L&T consolidated) and ₹3,553.00 crores in net worth (3.64% of L&T consolidated) as of March 31, 2025. The divestment aligns with L&T's strategy to exit development projects business and unlock value for stakeholders.
10Feb 26
Larsen & Toubro Incorporates Offshore Wind Subsidiary in Netherlands
Larsen & Toubro has incorporated L&T Energy Offshore Wind B.V. in the Netherlands with 1 EURO paid-up capital on February 10, 2026. The wholly owned subsidiary will provide turnkey EPCIC services for offshore wind projects, specializing in HVAC/HVDC substations and Wind Turbine Generator foundations. This strategic move strengthens L&T's position in the clean energy sector and European offshore wind market.
06Feb 26
Larsen & Toubro Records ₹50.96 Crore Block Trade on NSE at ₹4050.20 Per Share
Larsen & Toubro completed a major block trade on NSE worth ₹50.96 crores involving 125,823 shares at ₹4050.20 per share. The transaction reflects significant institutional activity and demonstrates large-scale investor participation in the engineering major's stock.
03Feb 26
L&T Uploads Q3/9M FY26 Earnings Call Transcript Under Regulation 30
Larsen & Toubro has fulfilled its regulatory obligations by uploading the transcript of its Q3/9M FY26 earnings call to its investor website. The earnings call was conducted on January 28, 2026, and the transcript was made available under SEBI compliance requirements, with formal notification sent to both BSE and NSE on February 3, 2026.
01Feb 26
L&T CFO Anticipates 10% Government Capex Growth for FY27 Amid Budget Focus
Larsen & Toubro's CFO R Shankar Raman anticipates a 10% increase in government capital expenditure for FY27, dismissing concerns about resource crowding due to ample system liquidity. The Budget 2025 allocated Rs 11.21 lakh crore for capex in FY 2025-26, with effective capex at Rs 15.48 lakh crore including grants-in-aid. L&T shares are in focus ahead of the Union Budget as the company serves as a key barometer for India's infrastructure sector.
01Feb 26
L&T CFO Anticipates 10% Government Capex Growth in Upcoming Budget 2026
Larsen & Toubro's CFO R Shankar Raman anticipates a 10% increase in government capital expenditure for FY27, building on the current Rs 11 lakh crore FY26 allocation. He believes ample liquidity will support infrastructure investments crucial for India's 2047 developed economy goal, while addressing challenges including manpower shortages and project execution delays caused by lowest-bidder selection processes.
28Jan 26
Larsen & Toubro Records Rs. 23.89 Crore Block Trade on NSE
Larsen & Toubro Ltd. executed a significant block trade on NSE involving 62,744 shares at Rs. 3,808.00 per share, totaling Rs. 23.89 crores. The transaction represents substantial institutional trading activity in the engineering major's stock, typically indicating large-scale buying or selling by institutional investors through pre-negotiated arrangements.
28Jan 26
Larsen & Toubro Allots 30,657 Equity Shares Under Employee Stock Option Schemes
Larsen & Toubro Limited allotted 30,657 equity shares under its Employee Stock Option Schemes following approval by the Nomination & Remuneration Committee on January 28, 2026. The shares were allocated to grantees who exercised their stock options and will carry equal rights with existing equity shares. The company has informed BSE and NSE about this development in compliance with regulatory requirements.
28Jan 26
L&T Secures Major Contract for Riyadh Metro Extension Project in Saudi Arabia
Larsen & Toubro's Heavy Civil Infrastructure business has won a major contract from the Royal Commission of Riyadh City for the Red Line extension of Riyadh Metro. The project, valued between ₹5,000-10,000 crore, involves design and turnkey construction of 8.4 km metro line with both elevated and underground sections plus five stations. The order is part of an ultra-mega project awarded to a consortium including Webuild S.p.A, L&T, Nesma & Partners Contracting, Alstom and IDOM.
23Jan 26
Larsen & Toubro Shares Fall 1.50% as Over 14 Lakh Shares Change Hands
Larsen & Toubro shares declined 1.50% to ₹3,736.80 with heavy trading volume of over 14 lakh shares on NSE. The company reported Sep 2025 quarter revenue of ₹67,983.53 crores, up from ₹61,554.58 crores in Sep 2024, with net profit improving to ₹4,687.09 crores. Annual performance shows consistent growth with revenue reaching ₹255,734.45 crores in 2025 versus ₹135,979.03 crores in 2021, while maintaining healthy financial ratios and declaring a ₹34.00 dividend per share.
22Jan 26
Larsen & Toubro Completes ₹288 Crore Interest Payment on Non-Convertible Debentures
Larsen & Toubro Limited completed its scheduled interest payment of ₹288.00 crores on non-convertible debentures (ISIN: INE018A08BM2) on January 22, 2026. The payment was made on time for the ₹4,000.00 crore debenture issue following an annual payment frequency. The company filed the mandatory SEBI regulatory certificate confirming no delays or issues with the payment process.
21Jan 26
Larsen & Toubro Completes Acquisition of L&T Sapura Shipping, Makes it Wholly Owned Subsidiary
Larsen & Toubro Limited completed the acquisition of 6,35,41,233 shares from joint venture partner Sapura Nautical Power Pte Ltd in L&T Sapura Shipping Private Limited on January 21, 2026. This strategic move has converted L&T Sapura Shipping into a wholly owned subsidiary, eliminating the previous joint venture structure. The acquisition was completed under Regulation 30 compliance and follows the company's earlier intimation to stock exchanges dated January 12, 2026.
19Jan 26
Larsen & Toubro Shareholders Approve All Seven Resolutions Through Postal Ballot
Larsen & Toubro Limited completed its postal ballot process on January 19, 2026, with shareholders approving all seven resolutions with overwhelming majority. The approved resolutions included appointments of Mr. Amitabh Kant and Mr. B. Santhanam as independent directors, re-appointment of Ms. Preetha Reddy, and four material related party transactions with subsidiary companies. The e-voting process ran from December 20, 2025, to January 18, 2026, with strong institutional participation and approval rates exceeding 99% for most resolutions.
16Jan 26
Larsen & Toubro Schedules Q3 FY26 Earnings Conference Call for January 28, 2026
Larsen & Toubro has scheduled its Q3/9M FY26 earnings conference call for January 28, 2026, to be conducted virtually for analysts and institutional investors. The announcement was made on January 16, 2026, in compliance with SEBI Regulation 46(2) requirements. The company has notified both BSE and NSE about this scheduled group meeting, which will discuss the financial performance for the third quarter and nine-month period of fiscal year 2026.
16Jan 26
L&T Shares Rise 1.1% After Winning Second Large Order in Three Days from Petronet LNG
Larsen & Toubro shares gained following the announcement of a large order from Petronet LNG for storage tank construction at Dahej Complex, valued between ₹2,500-5,000 crores. This marks the company's second large order within three days after securing Torrent Energy's 3,000 MW pumped storage project. Despite recent concerns over Kuwait project cancellations, the stock has shown resilience with these new contract wins.
15Jan 26
Larsen & Toubro Announces Statutory Auditors' Conversion to LLP Structure
Larsen & Toubro has announced that its statutory auditors M S K A & Associates have converted to a Limited Liability Partnership structure, effective January 13, 2026, now operating as M S K A & Associates LLP with ICAI registration 105047W/W101187. The company confirmed this is purely a constitutional change with no impact on the existing audit engagement, and the LLP will continue as statutory auditors for the remaining approved tenure.
14Jan 26
Larsen & Toubro Records ₹19.43 Crore Block Trade on NSE at ₹3,881.20 Per Share
Larsen & Toubro Ltd. executed a significant block trade worth ₹19.43 crores on NSE, involving approximately 50,060 shares at ₹3,881.20 per share. The substantial transaction indicates strong institutional interest and demonstrates the stock's liquidity and appeal among large investors. Such block trades typically represent institutional transactions and suggest confidence in the infrastructure major's market position.
14Jan 26
L&T Secures Major Pumped Storage Project Order as Analysts Cut Estimates on Middle East Concerns
Larsen & Toubro secured a major order worth ₹2,500-5,000 crore for India's largest pumped storage project in Maharashtra while facing analyst downgrades due to Middle East concerns. Multiple brokerages cut FY26-28 order inflow estimates by 5-6% following reports of potential Kuwait order cancellations worth $8.7 billion, though L&T clarified these were not in its existing order book. The stock declined 0.40% to ₹3,874.70, extending losses for the fifth straight session.
14Jan 26
L&T Secures Large Contract for 3000 MW Saidongar-1 Pumped Storage Project in Maharashtra
Larsen & Toubro's Heavy Civil Infrastructure business has won a large contract from Torrent Energy Storage Solutions for India's biggest pumped storage project - the 3000 MW Saidongar-1 PSP in Raigad, Maharashtra. The project comprises ten units of 300 MW each, with L&T handling design, engineering and execution of all civil and hydro-mechanical work. The contract, valued between ₹2,500-5,000 crores per L&T's classification, strengthens the company's position in large-scale pumped storage solutions.
14Jan 26
HSBC Cuts L&T Target Price to ₹3,900 Amid Macro Concerns Despite Strong Q3 Expectations
HSBC maintains hold rating on L&T with reduced target price of ₹3,900, expecting decent Q3 performance driven by 28% increase in H2 pipeline and estimated ₹33,300 crore announced orders. Despite projecting 24% Q3 revenue growth, the brokerage flags macro concerns including global volatility, lower oil prices, and fiscal constraints, leading to trimmed FY26 order intake growth expectations from 18% to 15%. Valuation concerns persist with stock trading at 25x FY27E PE, one standard deviation above historical cycle mean.
13Jan 26
L&T clarifies as stock falls 4% on report of Kuwait cancelling $8.7-bn tenders, says 'not part of company's order book'
Larsen & Toubro clarified on January 13 that Kuwait's potential $8.7 billion oil project tender cancellations are not part of its order book, following reports that caused the stock to fall 4% to ₹3,846 per share. The company maintains confidence in exceeding its FY26 order inflow guidance of 10% with a strong pipeline of ₹3.57 trillion in Energy Projects prospects. International orders comprise 49% of L&T's order book as of September 30, 2025.
13Jan 26
Larsen & Toubro Clarifies Kuwait Oil Project Tenders Not in Order Book
Larsen & Toubro issued a regulatory clarification on January 13, 2026, stating that Kuwait oil project tenders worth $8.7 billion discussed for potential cancellation were not part of its order book. The clarification addressed media reports that caused a 3% decline in L&T shares and was filed under SEBI Regulation 30 with both BSE and NSE.
13Jan 26
Larsen & Toubro Clarifies Media Reports on $8.7 Billion Kuwait Oil Project Tenders
Larsen & Toubro has clarified that $8.7 billion Kuwait oil project tenders reported in media are not part of its order book. The company stated it cannot comment on clients' commercial decisions, maintaining confidentiality protocols while ensuring market transparency about its actual project commitments.
13Jan 26
L&T Shares Drop 3% After Reports Flag Potential Cancellation of Kuwait Oil Projects
Larsen & Toubro shares declined 3% to ₹3,885.50 following reports that Kuwait may cancel $8.7 billion worth of oil project tenders due to budget overruns. L&T was the lowest bidder for contracts valued at over $4.5 billion. However, the company announced a significant domestic order win for constructing a Cable-Stayed Bridge over the Muriganga River in West Bengal, which will benefit over two lakh residents and enhance connectivity to Sagar Island.
13Jan 26
L&T Secures ₹1,500-2,500 Crore Order for Cable-Stayed Bridge in West Bengal
Larsen & Toubro secured a ₹1,500-2,500 crore order for constructing a cable-stayed bridge over Muri Ganga River in West Bengal, featuring a 3.2 km bridge with 177-meter maximum span and advanced traffic systems. The company also acquired the remaining 40% stake in L&T Sapura Shipping for ₹122.40 crores. Despite positive developments, shares declined over 2% amid concerns about potential Kuwait oil project cancellations worth $8.7 billion. L&T reported strong Q2 FY26 performance with order inflows of ₹1,15,800 crores (+45% YoY) and net profit of ₹4,678 crores (+14% YoY).
13Jan 26
L&T Shares Fall 3% as Kuwait Considers Cancelling $8.7 Billion Oil Project Tenders
Larsen & Toubro shares declined 3% to ₹3,911 on January 13, 2025, following reports of Kuwait considering cancellation of $8.7 billion oil project tenders where L&T was reportedly the lowest bidder for over $4.5 billion worth contracts. Despite this setback, the company secured a ₹1,000-2,500 crore bridge construction order in West Bengal and maintains confidence in exceeding its FY26 order inflow guidance of 10% with a strong pipeline of ₹3.57 trillion in energy projects.
13Jan 26
L&T Shares Decline 2.5% Amid Kuwait Oil Project Tender Cancellation Reports
L&T shares fell 2.5% on January 13 following reports that Kuwait may cancel $8.7 billion oil project tenders due to over-budget bids, where L&T was the lowest bidder for $4.5 billion worth contracts. Despite this setback, the company maintains a strong ₹6.5 lakh crore order book and secured a significant bridge construction order in West Bengal. The stock trades at ₹3,922.20 with 13.5% gains over the past year.
12Jan 26
Larsen & Toubro Acquires Partner's Stake in Shipping JV for ₹122.39 Crores
Larsen & Toubro has acquired Sapura Nautical Power's 40% stake in L&T Sapura Shipping Private Limited for ₹122.39 crores, converting it into a wholly owned subsidiary. The transaction involves 6,35,41,233 shares at ₹19.26 per share and is expected to complete by January 31, 2026. LTSSPL operates heavy lift vessels for offshore hydrocarbon projects and reported ₹154.12 crores turnover in FY25, strengthening L&T's marine construction capabilities.
12Jan 26
Larsen & Toubro Acquires 40% Stake in L&T Sapura Shipping for ₹1,223.90 Crores
Larsen & Toubro announces acquisition of 40% stake in L&T Sapura Shipping Private Limited from Sapura Nautical Power for ₹1,223.90 crores at ₹19.26 per share. The strategic transaction is expected to complete by January 31, 2026, strengthening the company's maritime sector presence.
09Jan 26
L&T Secures Strategic Partnership with Indian Army for Pinaka Rocket Systems Maintenance
Larsen & Toubro has partnered with the Indian Army's EME Corps for overhaul and upgrades of Pinaka Multi-Rocket Launcher Systems, with L&T providing technical support and spares while Army workshops handle operations. The collaboration supports defence self-reliance and operational readiness enhancement. L&T reported strong financial performance with revenue growth of 10.40% YoY to ₹67,984 crores and net profit increase of 14.00% to ₹4,678 crores, maintaining a robust order book of ₹6.67 lakh crore.
08Jan 26
L&T Secures Indian Army Contract for Pinaka Rocket Launcher System Upgrades
Larsen & Toubro has been awarded a supply order by the Indian Army's Corps of Electronics and Mechanical Engineers for comprehensive overhaul, upgrade and obsolescence management of indigenous Pinaka Multi-Rocket Launcher Systems. This groundbreaking public-private partnership features phased implementation starting with pilot overhaul by L&T and 510 Army Base Workshop, followed by systematic upgrades of remaining systems with L&T providing critical spares and technical support.
02Jan 26
L&T Wins Orders Worth Up to ₹10,000 Crore from SAIL; Stock Hits 52-Week High
Larsen & Toubro secured major orders from SAIL for EPC projects including IISCO Steel Plant expansion from 2.50 MTPA to 6.50 MTPA capacity and Bokaro Steel Plant's Sinter Plant 2 establishment. The company also won multiple material handling equipment orders across India, with contracts valued between ₹5,000-₹10,000 crores, while its stock gained 11.80% in 2025.
01Jan 26
Lemon Tree Hotels shifts registered office from Delhi to Gurugram effective December 31
Lemon Tree Hotels Limited has relocated its registered office from Asset No. 6, Aerocity Hospitality District, New Delhi to Lemon Tree Corporate Park in Gurugram, Haryana effective December 31, 2025. The Board of Directors approved this shift through circulation resolution on January 1, 2026, while the corporate office remains at the previous Delhi location to ensure operational continuity.
29Dec 25
L&T bags three orders worth up to ₹15,000 crore in four days; Stock recovers
Larsen & Toubro has won three orders within four trading sessions, with the latest being a significant infrastructure project for Hyderabad's 22.3 km Greenfield Radial Road Phase-2. The project includes comprehensive construction work and represents strategic regional connectivity improvement. L&T stock has gained 10.30% year-to-date, reflecting positive market response to consistent order acquisitions.
24Dec 25
L&T Wins Significant Mumbai Metro Order from MMRDA for Line 4 Electrification
Larsen & Toubro's transportation infrastructure business has won a significant order from MMRDA for the Mumbai Metro Line 4 project. The contract, valued between ₹1,000-2,500 crore, involves electrification of a 24.72 km route with 22 elevated stations. L&T will handle power supply, traction systems, SCADA implementation, and provide maintenance services. This is L&T's third consecutive order for the Line 4 and 4A corridor, solidifying its position in the Mumbai Metro project.
24Dec 25
L&T Wins Major Mumbai Metro Line 4 Electrification Order
Larsen & Toubro's Transportation Infrastructure business has been awarded a significant contract by the Mumbai Metropolitan Region Development Authority (MMRDA) for the electrification of the 24.72 km Mumbai Metro Line 4 corridor. The project, designated as Package CA-298, includes electrification of 22 elevated stations between Bhakti Park (Wadala) and Cadbury junction. The scope encompasses design, supply, installation, and commissioning of power supply and traction systems, as well as SCADA implementation for the entire Metro line 4&4A covering 32 stations. This marks L&T's third consecutive order in the Line-4&4A corridor, following previous contracts for rolling stock, signaling, and track works.
23Dec 25
L&T Wins Major LLDPE/HDPE Project from BPCL
Larsen & Toubro's Hydrocarbon Onshore business has secured a significant order from BPCL for the engineering, procurement, construction, and commissioning of India's largest LLDPE/HDPE Swing Unit in Bina, Madhya Pradesh. The project includes two trains with a combined capacity of 1150 KTPA, forming part of BPCL's Bina Petrochemicals Refinery Expansion Project. This aligns with India's Aatmanirbhar Bharat vision, aiming to enhance domestic manufacturing capabilities and reduce polymer import dependence.
19Dec 25
L&T Seeks Shareholder Nod for Director Appointments and Related Party Transactions
Larsen & Toubro has issued a postal ballot notice for seven resolutions, including three key board appointments and approvals for related party transactions worth ₹57,950 crores. The company proposes to appoint Mr. Amitabh Kant and Mr. B. Santhanam as independent directors for five-year terms starting October 29, 2025, and re-appoint Ms. Preetha Reddy for another five-year term from March 1, 2026. The related party transactions involve four subsidiaries and are crucial for L&T's Carbon Lite Solutions business and international operations. E-voting for shareholders will run from December 20, 2025, to January 18, 2026, with results to be declared by January 20, 2026.
17Dec 25
L&T Wins Multiple Large Orders for Buildings & Factories
Larsen & Toubro's Buildings & Factories business has won multiple large orders in India. These include constructing the Advait Lok museum complex in Madhya Pradesh, redeveloping the RG Baruah Sports Complex in Assam with a FIFA-compliant 25,000-seat stadium, and building luxury residential towers in Mumbai. The projects showcase L&T's diverse capabilities in cultural, sports, and residential construction across different regions of India.
12Dec 25
Goldman Sachs Upgrades L&T to Buy, Target ₹5,000
Goldman Sachs has upgraded Larsen & Toubro's rating to 'Buy' from its previous recommendation. The investment bank has also significantly raised its target price for the infrastructure company to ₹5000.00 from ₹3730.00, representing a 34.05% increase. This upgrade reflects Goldman Sachs' positive outlook on Larsen & Toubro's future performance and suggests substantial upside potential for investors.
19Nov 25
Larsen & Toubro Secures Major Defense Contract for BvS10 Vehicles with Indian Army
Larsen & Toubro (L&T) has secured a defense contract in partnership with BAE Systems to manufacture BvS10 Sindhu all-terrain vehicles for the Indian Army. The vehicles will be produced at L&T's Armoured Systems Complex in Hazira, Gujarat, with technical support from BAE Systems Hägglunds. The BvS10 Sindhu is tailored for Indian conditions and can operate in extreme environments. This contract aligns with India's 'Make in India' initiative and aims to enhance the Army's operational mobility across diverse terrains.
07Nov 25
Larsen & Toubro Completes Early Redemption of Rs. 2,000 Crore NCDs, Receives ESG Rating Upgrade
Larsen & Toubro (L&T) has completed early redemption of Non-Convertible Debentures worth Rs. 2,000 crore, including an interest payment of Rs. 152.36 crore. The company also announced an upgrade in its MSCI ESG rating from 'BBB' to 'A', reflecting improved environmental, social, and governance practices.
07Nov 25
Larsen & Toubro Secures ESG Rating Upgrade to 'A' from MSCI
Larsen & Toubro (L&T) has received an upgrade in its Environmental, Social, and Governance (ESG) rating from MSCI ESG Ratings, moving from 'BBB' to 'A'. The company disclosed this information to the Bombay Stock Exchange and National Stock Exchange of India on November 7, 2025. This upgrade reflects L&T's improved management of ESG risks and opportunities, potentially boosting investor confidence, attracting ESG-focused investors, and enhancing the company's global reputation. L&T has made the rating rationale available on MSCI's ESG Ratings platform, demonstrating its commitment to transparency.
03Nov 25
L&T Expands Nuclear Power Capabilities with Holtec Partnership and Defence Collaboration
Larsen & Toubro (L&T) has signed an MoU with Holtec International's Asia arm to offer design and build solutions for Heat Transfer Equipment in the nuclear power sector. This builds on their existing partnership for SMR-300 deployment. In the defence sector, L&T partnered with General Atomics Aeronautical Systems to manufacture Medium Altitude Long Endurance (MALE) remotely piloted aircraft systems for Indian Armed Forces. L&T will be the prime bidder for the Ministry of Defence's 87 MALE RPAS programme. L&T shares were trading 0.3% lower at ₹4,018.20, but have shown strong performance over the past month (+7.60%) and six months (+20.60%).
03Nov 25
L&T and Holtec Join Forces to Enhance Nuclear Power Heat Transfer Solutions
Larsen & Toubro (L&T) has signed an MoU with Holtec International's Asia arm to enhance heat transfer solutions for the nuclear power industry. The partnership aims to offer design and build solutions for Heat Transfer Equipment, building on their existing collaboration for SMR-300 deployment. Supported by the US Department of Energy's 810 Authorization, this alliance combines L&T's manufacturing capabilities with Holtec's design expertise to deliver advanced solutions for nuclear and thermal power plants globally.
03Nov 25
L&T Reports Robust Q2 Performance with 45% Surge in Order Inflow
Larsen & Toubro (L&T) reported impressive Q2 FY24 results with consolidated revenue up 10.4% to ₹67,983.50 crore and net profit rising 15.6% to ₹3,926.10 crore. Order inflow surged 45% to ₹1,15,800.00 crore, with international orders contributing 49%. Operating margin slightly decreased to 10.00%. L&T is expanding into green hydrogen, semiconductors, and defence sectors. The company reached an agreement with Telangana government on Hyderabad Metro, optimizing its balance sheet. Analysts maintain positive outlook with 'Buy' ratings and target prices indicating 9-18% potential upside.
31Oct 25
L&T and GA-ASI Join Forces to Manufacture Advanced Military Drones in India
Larsen & Toubro (L&T) has formed a strategic partnership with General Atomics Aeronautical Systems Inc. (GA-ASI) to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India for the Indian armed forces. L&T will act as the prime bidder in the Ministry of Defence's 87 MALE RPAS program, with GA-ASI as the technology partner. The collaboration aims to incorporate critical technology transfers, fulfill indigenous content requirements, and strengthen Indo-US defense cooperation. The partnership aligns with India's Atmanirbhar Bharat and Make in India initiatives, focusing on creating a competitive, globally integrated aerospace manufacturing base in the country.
30Oct 25
L&T Shares Hit 52-Week High Despite Q2 Revenue Miss
Larsen & Toubro (L&T) reported mixed Q2 results with consolidated net profit rising 15.64% to ₹39.26 billion, despite revenue falling short of market expectations. Revenue increased by 10.44% to ₹679.83 billion. The company cited slower execution in water projects and extended monsoons as reasons for underperformance. Despite mixed results, L&T shares climbed over 2% to a 52-week high. The consolidated order book grew 15% to ₹667,047 crore, with international orders comprising 49%. Several brokerages have raised their target prices for L&T stock, reflecting a positive outlook.
30Oct 25
L&T Secures Large Power Transmission Orders in Saudi Arabia
Larsen & Toubro (L&T) has won significant orders for its Power Transmission & Distribution business in Saudi Arabia. The contracts, valued between ₹2,500 crore to ₹5,000 crore, include constructing a 380 kV substation and transmission lines spanning over 420 km. These projects are part of Saudi Arabia's National Renewable Energy Programme, aimed at upgrading the country's electricity grid to support renewable energy integration. The orders highlight L&T's growing international presence and expertise in the power transmission sector.
30Oct 25
L&T Appoints Amitabh Kant as Independent Director, Secures Major Power Transmission Orders in Saudi Arabia
Larsen & Toubro (L&T) announced two significant developments on October 29, 2025. The company appointed Amitabh Kant, former G20 Sherpa and NITI Aayog CEO, as a Non-Executive, Independent Director for a five-year term. Additionally, L&T's Power Transmission & Distribution vertical secured major orders in Saudi Arabia, including the construction of a 380/33 kV Gas Insulated Substation and 380 kV Overhead Transmission Lines spanning over 420 km. These orders align with Saudi Arabia's National Renewable Energy Programme.
29Oct 25
L&T Secures Large Contract, Reports Increased Capital Expenditure, and Plans Coal Power Equipment Expansion
Larsen & Toubro (L&T) has secured a large contract valued between ₹25.00 billion to ₹50.00 billion. The company observes increased capital expenditure activity in India and the Middle East, maintaining a positive outlook for future orders. An L&T executive reaffirmed the company's full-year revenue goals and indicated progress on profit margin guidance. L&T also plans to increase production capacity for coal power equipment.
29Oct 25
L&T Reports Q2 Net Profit Growth to 39.26 Billion Rupees, Hits 52-Week High on Saudi Arabia Orders
Larsen & Toubro (L&T) reached a new 52-week high of ₹4,016.70. The company secured significant orders in Saudi Arabia for grid infrastructure projects, including a 380/33 kV Gas Insulated Substation and 380 kV Overhead Transmission Links. L&T announced Q2 results with revenue at ₹67,984.00 crore (10.46% YoY growth) and net profit at ₹3,926.00 crore (15.81% YoY growth). The company's order book surpassed ₹6 lakh crore, with potential for additional projects. L&T's Heavy Engineering vertical also secured multiple domestic and international orders across various sectors.
28Oct 25
L&T Secures Significant Contract Worth Rs 10-25 Billion, Bolstering Order Book
Larsen & Toubro (L&T) has won a new contract valued between Rs 10 billion to Rs 25 billion, classified as 'significant' in their order system. The company has also secured multiple international orders in the US, Mexico, Brazil, and Saudi Arabia for various engineering projects. Domestically, L&T's Heavy Engineering vertical received equipment orders for a PTA project in Gujarat.
28Oct 25
L&T Heavy Engineering Secures Significant Orders Across Global Markets
Larsen & Toubro's Heavy Engineering vertical has secured multiple significant orders in international and domestic markets. International orders include vessels and cartridges for projects in the United States, processing equipment for fertilizer plants in Mexico, heat exchangers in Brazil, and refinery equipment in Saudi Arabia. Domestically, L&T secured an order for a Heat Exchanger Package for a PTA project in Gujarat. The company also received orders for critical equipment in the nuclear power sector. While the exact value is undisclosed, L&T classifies these as 'significant' orders, typically ranging from ₹1,000 crores to ₹2,500 crores.
28Oct 25
L&T Poised for Strong Q2 Performance with Projected 16% Profit Growth
Larsen & Toubro (L&T) is projected to deliver robust Q2 financial results, with estimates suggesting a 15% year-on-year increase in consolidated revenue and a 16% rise in profit after tax. The Engineering & Construction segment is expected to be the primary growth driver, with core E&C revenues forecasted to grow by 19%. The company's strong performance is attributed to efficient project execution and a healthy order book, particularly in domestic infrastructure and overseas hydrocarbon projects. L&T announced two ultra-mega orders in its energy and hydrocarbon divisions during the quarter. The company's strategic focus includes expanding into green energy segments and making subsidiaries self-sustainable.
27Oct 25
L&T Secures Multiple Significant Orders Across Infrastructure, Defense, and Hydrocarbon Sectors; Set to Finalize $400 Million Shipbuilding Deal with Maersk
Larsen & Toubro (L&T) has won several contracts across different business verticals. L&T GeoStructure secured orders for construction projects in Odisha, Visakhapatnam, and Chennai. The Precision Engineering Systems division received an order for part construction of two Fleet Support Ships for the Indian Navy. The Hydrocarbon vertical won onshore and offshore orders from a Middle East client. Additionally, L&T is reportedly close to finalizing a significant shipbuilding and repair agreement with Maersk, potentially worth up to $400 million. The company also faces a GST order from Jaipur tax authorities, imposing a penalty of Rs. 43.15 crore, which L&T plans to appeal.
24Oct 25
Larsen & Toubro Secures Large Contract and Reports Multiple Business Achievements
Larsen & Toubro (L&T) has secured a large contract worth 25-50 billion rupees. The company received BBB+ credit ratings with stable outlook from both Fitch and S&P Global. L&T won several orders including a data centre project in Uzbekistan and residential towers from Brigade Group. Strategic partnerships were formed with ReNew Power for green hydrogen business and U.S. Navy for ship repair. The company reported strong quarterly performance with 21% YoY revenue growth and 800 crore order inflows. L&T also received an ESG rating of 'CRISIL ESG 63' and completed the acquisition of L&T-Chiyoda Limited joint venture.
24Oct 25
L&T Secures Large Orders Worth ₹1,000-2,500 Crores for Minerals & Metals Business
Larsen & Toubro (L&T) has won multiple large orders for its Minerals & Metals business in India, valued between ₹1,000 to ₹2,500 crores. Key projects include a 180 KTPA Aluminium Smelter for Hindalco, a 1 MTPA Coke Oven Battery for TATA Steel Jamshedpur, and various mining equipment orders. These wins demonstrate L&T's engineering expertise and strong client relationships in the industrial infrastructure sector.
23Oct 25
Larsen & Toubro: Strategic Moves and Corporate Updates Across Multiple Years
Larsen & Toubro (L&T) revealed significant corporate actions between 2023 and 2025. The company proposed a share buyback and special dividend in July 2023. L&T faced a Rs. 4.69 crore tax penalty in June 2024, which it plans to appeal. In February 2025, L&T acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings for Rs. 170 crore. The company secured new construction contracts and listed ESG bonds worth Rs. 500 crore on the NSE in June 2025, with a 6.35% interest rate and 3-year maturity.
13Oct 25
L&T Secures Large Grid Infrastructure Orders Worth ₹2,500-5,000 Crore in Middle East
Larsen & Toubro (L&T) has won significant orders for its Power Transmission & Distribution business in the Middle East. The orders, valued between ₹2,500-5,000 crore, include a 400kV substation in UAE for the GCC super grid interconnection, new 132kV substations to meet growing electricity demand, and 380kV overhead transmission lines in Saudi Arabia for renewable energy integration. These projects aim to enhance grid resilience, improve generation capacity utilization, and support the region's transition to sustainable energy sources.
09Oct 25
L&T Shares Rise 2% After Securing Ultra-Mega Order Worth Over ₹15,000 Crore in Middle East
Larsen & Toubro (L&T) has won an ultra-mega contract valued at over ₹15,000 crores for a Natural Gas Liquids Plant and Allied Facilities project in the Middle East. L&T is the lead partner in a consortium with Consolidated Contractors Group SAL (Greece), responsible for engineering and procurement. The project involves processing rich associated gas from offshore and onshore oil fields to produce lean sales gas, ethane, propane, butane, and hydrocarbon condensate. L&T's shares gained nearly 2% following the announcement, hitting an intraday high of ₹3,796.40.
03Oct 25
L&T Secures Major Orders Worth ₹5,000-10,000 Crore for IT Park and Mixed-Use Projects
Larsen & Toubro (L&T) has won significant orders valued between ₹5,000-10,000 crore through its buildings and factories vertical. The contracts include developing a large IT park in Bengaluru for a multinational company, featuring 5.9 million square feet of development potential across six towers. L&T also secured an order for a mixed-use development project in Mumbai. These wins reinforce L&T's position in the infrastructure and construction sector. Despite the positive news, BofA Securities downgraded L&T shares to 'underperform' from 'buy'.
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