L&T starts work on Ultra-mega Uzbekistan airport EPC project

Order Above 5pct RevenueExport Order Hard CurrencyBusiness Updates View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹3627.10

prior close

₹3653.90

announcement price

In-mkt

timing

Nifty 100market-1.0%+1.9% vs market

Civil Construction peers, median of 96sector-1.6%+2.6% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty 100 and 2.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.6

15m

+0.6

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0-1.0+1.9-1.6+2.6

Next day

+0.2-1.5+1.8-4.8+5.1

+0.3-2.1+2.4-6.0+6.3

+0.5-2.8+3.3-8.3+8.8

+1.0-2.1+3.0-7.7+8.7

+1.0-1.8+2.9-7.1+8.1

+5.8-1.0+6.8-6.1+11.9

15d

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UpDownMarket · Nifty 100Sector · Civil Construction peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

L&T's Public Spaces, Airports & Health vertical received a Limited Notice to Proceed from the PPP consortium building the new Tashkent International Airport in Uzbekistan. The Ultra-mega classified EPC contract (over Rs 15,000 crore) covers the passenger terminal and landside infrastructure for a greenfield airport designed for around 17 million passengers per year. Initial engineering, design, planning and procurement activities have begun. Full construction will start once the formal Notice to Proceed is issued after contractual conditions are met.

Likely market impact

Positive. Ultra-mega overseas EPC win (over Rs 15,000 crore) strengthens L&T international order book and airport leadership, boosting revenue visibility.