Latest news about Larsen & Toubro
Larsen & Toubro
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More news about Larsen & Toubro
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.
04Jan 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.
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 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.
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.
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
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.
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.
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'.
29Sept 25
L&T Secures $700 Million Sustainability-Linked Trade Facility with Standard Chartered
Larsen & Toubro (L&T) has obtained a $700 million Sustainability-Linked Trade Facility (SLTF) from Standard Chartered Bank. The facility is tied to key performance indicators related to greenhouse gas emissions intensity and fresh-water withdrawal targets. L&T commits to annual disclosure of performance against these KPIs with independent third-party assurance. This follows L&T's recent issuance of India's first listed sustainability-linked bond worth $60 million. The company aims for carbon neutrality by 2040 and water neutrality by 2035. This move reinforces L&T's commitment to sustainable business practices and enhances its access to sustainable finance.
25Sept 25
Telangana Government to Acquire L&T's Hyderabad Metro Rail Stake for ₹2,000 Crore
The Telangana government plans to acquire Larsen & Toubro's stake in the first phase of the Hyderabad Metro Rail project for ₹2,000 crore. The state will also assume the project's ₹13,000 crore debt. L&T currently holds about 90% equity in the project through L&T Metro Rail Hyderabad Ltd. This acquisition aims to ensure continued operation of the metro system and expedite approval for phase 2 of the project. Telangana Chief Minister A Revanth Reddy met with L&T group CMD SN Subrahmanyan to finalize the agreement.
24Sept 25
L&T and BEL Join Forces to Boost India's Advanced Fighter Aircraft Programme
Larsen & Toubro (L&T) and Bharat Electronics Limited (BEL) have formed a strategic partnership to support the Indian Air Force's Advanced Medium Combat Aircraft (AMCA) programme. The consortium plans to respond to the Expression of Interest notice from the Aeronautical Development Agency. This collaboration combines L&T's expertise in defence and aerospace platforms with BEL's experience in defence electronics. Both companies have previously contributed to India's Light Combat Aircraft programme. The partnership aligns with the Indian government's 'Atmanirbhar Bharat' vision, aiming to enhance India's defence capabilities and promote self-reliance in the aerospace sector.
22Sept 25
L&T Signs MOU with ACWA Power for Yanbu Green Hydrogen Hub Development
Larsen & Toubro's Renewables vertical has signed an MOU with ACWA Power to develop renewable energy infrastructure for the Yanbu Green Hydrogen Hub in Saudi Arabia. The project includes solar PV plants, wind farms, and battery storage systems. The collaboration aims to design and optimize the renewables and grid scope, with potential for an EPC contract. This initiative aligns with Saudi Arabia's vision to lead in clean energy and industrial decarbonization, supporting global energy transition efforts.
19Sept 25
L&T Secures Significant Contract Worth ₹1,000-2,500 Crore
Larsen & Toubro (L&T) has won a significant contract valued between ₹1,000 crore to ₹2,500 crore, bolstering its position in the infrastructure sector. The company has also secured multiple orders across various segments including construction equipment, rubber processing machinery, and valve manufacturing. These orders span both domestic and international markets, highlighting L&T's diverse capabilities and global reach.
17Sept 25
L&T Secures Multiple Large Contracts Worth ₹25-50 Billion, Including Grid Infrastructure Orders
Larsen & Toubro (L&T) has won multiple grid infrastructure orders across India, UAE, and Oman. The company secured a large contract valued between ₹25.00 billion to ₹50.00 billion, in addition to previously announced orders worth ₹25.00-50.00 billion. In India, L&T will revamp power distribution systems in two towns. In the UAE, L&T will design and construct two ±300 MVAr STATCOM systems at existing 400 kV substations. In Oman, the company will establish a new 400/132 kV grid station with an associated 400 kV transmission line segment. These projects aim to enhance power distribution efficiency, improve grid stability, and strengthen power infrastructure.
16Sept 25
L&T Seeks Exit from Hyderabad Metro Project Amid Mounting Losses
Larsen & Toubro (L&T) has formally requested to withdraw from the Hyderabad Metro Rail project due to significant financial losses and lack of government support. The company has proposed selling its 90% stake to either the state or central government. L&T Metro Rail, the project subsidiary, reported a 21% decline in revenue and a 13% increase in losses year-over-year. Challenges include land acquisition delays, alignment changes, and utility shifting issues. The COVID-19 pandemic further stressed the project with a 169-day shutdown and reduced ridership. L&T has expressed inability to participate in proposed expansion plans for Phases II-A and II-B.
16Sept 25
L&T Secures Significant Order for Kudankulam Nuclear Power Project
Larsen & Toubro (L&T) has won a major order from Nuclear Power Corporation of India Limited (NPCIL) for the 2X1000 MWe Kudankulam Nuclear Power Project (KKNPP - 5 & 6) in Tamil Nadu. The order, classified as 'significant' (₹1,000-2,500 crore), includes the mechanical package for installing nuclear reactor and turbine systems, sea water systems, cranes, and related equipment. This reinforces L&T's position in delivering complex nuclear power infrastructure projects for India's clean energy mission.
15Sept 25
L&T Secures Major Contract for Mumbai-Ahmedabad Bullet Train Project
Larsen & Toubro (L&T) has won a significant contract for the Mumbai-Ahmedabad High Speed Rail project. The company will construct 156 kilometers of high-speed track, including 21 km underground and 135 km on elevated viaduct sections. This contract expands L&T's involvement in the project, making it responsible for over 50% of the total track-works. The project will use Japanese Shinkansen J Slab Track Technology, allowing speeds up to 320 kmph. L&T's expertise in ballastless track technology and previous success in the project were key factors in securing this order.
08Sept 25
Larsen & Toubro Completes India's Longest Rail Tunnel in Uttarakhand
Larsen & Toubro (L&T) has completed a 14.57 km stretch of India's longest rail tunnel between Devprayag and Janasu in Uttarakhand, part of the 125-km Rishikesh-Karnaprayag Rail Link Project. The upline tunnel was finished 12 days early on April 16, 2025, while the 13.09 km downline tunnel was completed on June 29, 2025. This project, set for commissioning by December 2026, marks the first use of tunnel boring machines for a railway project in the Himalayas, with 70% of the work done by these machines and 30% by drill-and-blast method.
21Aug 25
Larsen & Toubro Shares Worth ₹74.52 Crore Traded in NSE Block Deal
Larsen & Toubro (L&T) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 205,687 shares at ₹3,622.80 per share, totaling ₹74.52 crore. This substantial trade in L&T, a leading engineering and construction conglomerate, indicates strong investor interest. The identities of the buyers and sellers were not disclosed.
18Aug 25
L&T Unveils Rs 1.5 Lakh Crore Strategic Investment Plan in High-Tech Sectors
Larsen & Toubro (L&T) has announced a strategic transformation plan involving a Rs 1.5 lakh crore investment over five years. The company aims to enhance its agility, capital discipline, and technology-led diversification by focusing on sectors like semiconductors, green hydrogen, data centers, and real estate. L&T's new 'Grow to sell, sell to grow' strategy involves scaling high-performing businesses, exiting underperforming segments, and unlocking capital for new investments. The company's strong financial position, with Rs 50,000 crore in cash reserves and minimal debt, supports this ambitious plan. L&T's semiconductor design business has shown significant progress, employing 400 engineers and serving seven global clients. The company is also developing 100 million sq ft of real estate space, positioning itself among India's top two developers.
13Aug 25
L&T Energy GreenTech and Japan's ITOCHU Join Forces for 300 KTPA Green Ammonia Project in Gujarat
L&T Energy GreenTech Ltd (LTEG), a subsidiary of Larsen & Toubro, has partnered with Japan's ITOCHU Corporation to develop a 300 KTPA green ammonia facility in Kandla, Gujarat. The project aims to produce green ammonia for bunkering applications in Singapore, supporting the maritime sector's decarbonization efforts. This collaboration aligns with India's National Green Hydrogen Mission and both companies' sustainability goals. The facility will be built on L&T's previously acquired land parcel in Kandla, strategically positioned for ITOCHU's bunkering operations in Singapore.
11Aug 25
L&T Secures Ultra-Mega Contract Worth Over ₹15,000 Crore from Adani Power
Larsen & Toubro (L&T) has won a contract worth over ₹15,000 crore from Adani Power Ltd. The project involves setting up eight 800 MW thermal power units, totaling 6,400 MW of new generation capacity. L&T Energy – CarbonLite Solutions will handle the comprehensive scope, including design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator packages and associated systems. This contract strengthens the partnership between L&T and Adani Power, India's largest private sector thermal power producer.
04Aug 25
L&T Renewables Secures Major Order for 116 MW Solar Plant with 241 MWh Battery Storage in Bihar
Larsen & Toubro (L&T) has secured an order to develop a 116 MWac Solar Photovoltaic plant with a 241 MWh Battery Energy Storage System in Kajra, Bihar. This project will expand the total co-located storage capacity at the site to 495 MWh, making it the largest such project awarded by a state utility in India. The system features advanced 4-hour BESS with liquid cooling technology for improved efficiency and safety. This significant order aligns with India's push for renewable energy storage systems and contributes to Bihar's environmental mission while supporting regional employment and energy security.
04Aug 25
L&T Secures Major Contract Valued Between ₹10-25 Billion
Larsen & Toubro (L&T) has won a significant contract valued between ₹10.00 billion to ₹25.00 billion. While specific project details are undisclosed, this deal adds to L&T's substantial order book, demonstrating the company's strong market presence and competitive edge in securing large-scale projects. The contract is expected to contribute to L&T's long-term growth and reinforce its leadership in the engineering and construction industry.
01Aug 25
L&T Secures Major Order Worth ₹25-50 Billion from Hindustan Zinc Limited
Larsen & Toubro (L&T) has won a significant order valued between ₹2,500 crore and ₹5,000 crore from Hindustan Zinc Limited (HZL). The contract involves an EPC project at HZL's Debari Smelter Complex in Rajasthan, including the establishment of a 250 KTPA Leaching, Purification & Cellhouse facility and a 125 KTPA Jarosite Circuit. L&T will be responsible for design, engineering, procurement, and complete site services for the project, which aims to produce Special High Grade Zinc Cathodes with 99.995% purity. This order reinforces L&T's long-term partnership with HZL and showcases its expertise in the Minerals & Metals sector.
30Jul 25
L&T Secures Ultra-Mega Order for Hydrocarbon Offshore Projects in Middle East
Larsen & Toubro's Hydrocarbon Offshore business has won an ultra-mega order valued at over ₹15,000 crore from a prestigious Middle Eastern client. The project involves multiple offshore packages including engineering, procurement, construction, installation of offshore structures, and upgradation of existing facilities. This order showcases L&T's expertise in complex offshore solutions and reinforces its position in the global energy sector.
29Jul 25
L&T Reports Strong Q1 Performance with 33% Order Inflow Growth and 30% PAT Increase
Larsen & Toubro (L&T) reported robust Q1 financial results with consolidated revenues of ₹63,679 crore, up 16% year-on-year. Consolidated Profit After Tax (PAT) increased by 30% to ₹3,617 crore. The company received orders worth ₹94,453 crore, showing 33% growth, with international orders comprising 52%. The consolidated order book stood at ₹612,761 crore, up 6% from the previous quarter. L&T's Hydrocarbon Offshore business also secured an ultra-mega order valued at over ₹15,000 crore from a Middle East client.
29Jul 25
Larsen & Toubro Reports Strong Q1 Results and Secures Ultra-Mega Offshore Order
Larsen & Toubro (L&T) reported impressive Q1 FY24 results with 16% revenue growth to ₹63,679.00 crore and 30% net profit increase to ₹3,617.00 crore. Order inflow grew 33% to ₹94,453.00 crore, with the order book reaching ₹612,761.00 crore. The company's Infrastructure Projects and Energy Projects segments showed significant growth. L&T's Hydrocarbon Offshore business also secured an ultra-mega order worth over ₹15,000.00 crore from a Middle East client for offshore packages.
29Jul 25
L&T Secures Ultra-Mega Contract Worth Over ₹15,000 Crore in Middle East
Larsen & Toubro's Hydrocarbon Offshore business vertical has been awarded an ultra-mega contract valued at over ₹15,000 crore by a prestigious client in the Middle East. The contract includes multiple offshore packages involving engineering, procurement, construction, installation of offshore structures, and upgradation of existing facilities. This significant order showcases L&T's expertise in delivering complex projects globally and strengthens its position in the international hydrocarbon sector.
28Jul 25
Larsen & Toubro Executes Block Trade Worth Rs. 96.92 Crores on NSE
Larsen & Toubro (L&T) completed a significant block trade on the National Stock Exchange (NSE). The transaction involved 282,317 shares at Rs. 3,433.10 per share, totaling Rs. 96.92 crores. This large-scale trade has drawn attention from market observers, potentially indicating shifts in institutional holdings or strategic moves by major shareholders. The specific reasons for the trade were not disclosed.
28Jul 25
L&T to Unveil Q1FY26 Results on July 29, Shares Down 6.57% YTD
Larsen & Toubro (L&T) will release its Q1 FY26 financial results on July 29, 2025, with a Board meeting scheduled for the same day. The company will host a virtual earnings conference call and has closed its trading window from July 1, 2025, until 48 hours after the results declaration. L&T's previous quarter showed strong performance with 11% YoY growth in consolidated revenue and 25% growth in net profit. The company's stock has recently experienced a 1.82% decline over five trading sessions and a 6.57% decrease year-to-date, currently trading at ₹3,426.60 on the NSE.
28Jul 25
Larsen & Toubro Shares Worth ₹85.83 Crore Traded in NSE Block Deal
A significant block trade of Larsen & Toubro (L&T) shares occurred on the National Stock Exchange. The transaction involved 250,452 shares at ₹3,427.20 per share, totaling ₹85.83 crore. This large-scale trade could potentially impact L&T's stock price and trading patterns.
28Jul 25
Larsen & Toubro Executes ₹60.34 Crore Block Trade on NSE
Larsen & Toubro (L&T) conducted a significant block trade on the National Stock Exchange (NSE), involving 176,076 shares at ₹3,426.90 per share, totaling ₹60.34 crore. This transaction highlights substantial market activity for L&T stock and indicates continued interest from institutional investors. While the parties involved were not disclosed, such trades often signal strategic moves by large shareholders or portfolio adjustments.
24Jul 25
L&T Secures Large Contract Worth ₹25-50 Billion, Adds to Recent Project Wins
Larsen & Toubro (L&T) has secured a large contract valued between ₹25.00 billion to ₹50.00 billion, adding to its recent string of project acquisitions. The company has also won two major orders in Andhra Pradesh for the construction of the State Secretariat and residential towers, a luxury residential project in Mumbai, and an office space project in Muscat through its Oman division. These wins showcase L&T's strong market position and diverse project portfolio across different sectors and geographies.
22Jul 25
Larsen & Toubro Shares Trade in Significant Block Deals on NSE
Larsen & Toubro (L&T) experienced two major block deals on the National Stock Exchange. The first transaction involved 200,695 shares at Rs. 3,478.10 per share, totaling Rs. 69.80 crores. The second deal saw 350,852 shares traded at Rs. 3,473.10 per share, amounting to Rs. 121.85 crores. The combined value of these trades reached Rs. 191.65 crores, indicating strong investor interest in L&T shares.
22Jul 25
Larsen & Toubro Executes Rs. 69.80 Crore Block Trade on NSE
Larsen & Toubro (L&T) experienced a significant block trade on the National Stock Exchange (NSE), involving 200,695 shares. The trade was executed at Rs. 3,478.10 per share, totaling Rs. 69.80 crores. This transaction highlights the continued interest in L&T's shares among large investors. While the parties involved were not disclosed, such trades often indicate strategic moves by institutional investors or major stakeholders. L&T, a multinational conglomerate, has a strong presence in engineering, construction, manufacturing, and technology services, with significant involvement in power, hydrocarbon, and defense sectors.
21Jul 25
L&T to Establish India's Largest Green Hydrogen Plant at IOCL Panipat Refinery
Larsen & Toubro's green energy arm, LTEG, plans to establish India's largest green hydrogen plant at IOCL's Panipat Refinery. The facility will supply 10,000 tonnes of green hydrogen annually for 25 years, supporting IOCL's decarbonization efforts. The project aligns with India's National Green Hydrogen Mission and will use L&T's indigenously manufactured electrolysers. L&T shares saw a 0.50% increase following the announcement.
21Jul 25
L&T Energy GreenTech to Build India's Largest Green Hydrogen Plant for IOCL
L&T Energy GreenTech Ltd (LTEG), a subsidiary of Larsen & Toubro, will establish India's largest green hydrogen plant at IOCL's Panipat Refinery. The plant will supply 10,000 tonnes of green hydrogen annually for 25 years, operating 24/7 using renewable energy and high-pressure alkaline electrolysers. This project aligns with India's National Green Hydrogen Mission and IOCL's decarbonization strategy, setting a precedent for industrial-scale adoption of green hydrogen across various sectors.
17Jul 25
L&T Chairman's Remuneration Surges 50% to Rs 76.25 Crore Amid Work Week Controversy
Larsen & Toubro (L&T) Chairman S N Subrahmanyan's remuneration increased by nearly 50% to Rs 76.25 crore, primarily due to stock options. This comes after his controversial advocacy for a 90-hour work week. L&T also announced plans for a Q1 FY26 Earnings Conference Call on July 29, 2025, to be held virtually.
17Jul 25
L&T Announces ₹1,000 Crore Investment in Katupalli Shipbuilding Complex
Larsen & Toubro (L&T) has announced plans to invest ₹1,000 crore in its Katupalli shipbuilding complex on India's east coast. This significant investment aims to enhance L&T's shipbuilding capabilities and infrastructure, potentially enabling the company to undertake larger and more complex projects. While specific details about the investment's timeline and allocation are not disclosed, the move indicates L&T's confidence in the growth potential of its shipbuilding business and its strategy to strengthen its position in both domestic and international markets.
17Jul 25
Larsen & Toubro Shares See Significant Block Trade on NSE
Larsen & Toubro Ltd. (L&T) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 534,508 shares traded at Rs. 3,503.90 per share, totaling Rs. 187.29 crores. This large-scale trade indicates substantial investor interest in the infrastructure and engineering conglomerate, potentially influencing market sentiment towards L&T stock.
16Jul 25
L&T CEO's Compensation Soars 49% Amid Strong Financial Performance in FY25
Larsen & Toubro (L&T) reported a 49.4% increase in CEO SN Subrahmanyan's remuneration to ₹76.25 crore in FY25, driven by stock options worth ₹16 crore. The company's financial performance was robust, with net profit rising 15% to ₹15,037 crore and revenue increasing 16% to ₹2.56 lakh crore. Despite strong financials, L&T's stock showed subdued performance with a 2.3% return in 2024 and a 3% decline year-to-date in 2025.
07Jul 25
L&T Secures ₹5,000 Crore Contract for Mumbai-Ahmedabad Bullet Train Project
Larsen & Toubro (L&T) has won a significant contract worth ₹5,000 crores for the construction of the T1 Track in the Mumbai-Ahmedabad Bullet Train project. This contract is a crucial component of India's ambitious high-speed rail infrastructure initiative. The project aims to revolutionize inter-city travel between Mumbai and Ahmedabad, two major economic hubs. L&T's involvement in this prestigious project underscores its expertise in handling large-scale, complex engineering projects and its role in shaping India's future transportation landscape.
30Jun 25
L&T Expands into Green Hydrogen: Forms New Subsidiary and Secures Land in Gujarat
Larsen & Toubro (L&T) has incorporated a new subsidiary, Panipat Green Hydrogen Pvt Ltd, for green hydrogen projects. The company has also acquired land in Kandla, Gujarat for green hydrogen and ammonia projects. Fitch Ratings has affirmed L&T's long-term foreign and local currency issuer default ratings at 'BBB+' with a stable outlook, indicating strong financial stability.
27Jun 25
Larsen & Toubro Sees Block Trade of 50,221 Shares on NSE
A block trade of 50,221 Larsen & Toubro (L&T) shares was executed on the National Stock Exchange (NSE), valued at Rs. 18.53 crores. The transaction occurred at Rs. 3,689.50 per share, totaling approximately Rs. 18.53 crores. This substantial trade suggests continued interest in the infrastructure giant among institutional investors or large traders.
26Jun 25
Larsen & Toubro Shares: Major Block Trade Worth ₹69.73 Crore on NSE
A significant block trade of Larsen & Toubro (L&T) shares occurred on the National Stock Exchange. The transaction involved 192,172 shares at ₹3,628.40 per share, totaling ₹69.73 crore. This large-scale trade could indicate institutional interest or potential changes in major shareholdings, though the identities of the buyer and seller remain undisclosed.
23Jun 25
Larsen & Toubro Pioneers India's ESG Bond Market with ₹500 Crore Issuance on NSE
Larsen & Toubro (L&T) has successfully launched India's first Environmental, Social, and Governance (ESG) bonds, valued at ₹500 crore, on the National Stock Exchange. The bonds were issued as Non-Convertible Debentures with a 6.35% coupon rate and a 3-year maturity period. This initiative aligns with SEBI's new ESG framework and supports L&T's sustainability goals, including water neutrality by 2035 and carbon neutrality by 2040. The move could potentially encourage other Indian corporations to explore similar sustainable finance options.
19Jun 25
Larsen & Toubro Raises ₹5,000 Crore in Maiden ESG Bond Issue
Larsen & Toubro (L&T) has successfully raised ₹5,000 crore through its first Environmental, Social, and Governance (ESG) bond issue. The bonds were issued at a 6.35% coupon rate, attracting a premium over regular bonds. L&T is open to future ESG-linked issuances based on market conditions. This move aligns L&T's financing strategies with sustainable practices and positions it as a pioneer in ESG funding among Indian engineering and construction firms.
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