LTNSELarsen & Toubro Limited· EngineeringHighPositive
Announced Wed, 25 Feb · 09:43 IST

Larsen & Toubro Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Export Order Hard CurrencyBusiness Updates View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Larsen & Toubro's Power Transmission & Distribution (PT&D) vertical has secured a batch of EPC orders classified as 'Major' (worth between ₹5,000 crore and ₹10,000 crore). In India, the orders cover design, supply and construction of two 220 kV Gas Insulated Substations in the Durgapur–Raniganj–Asansol industrial belt of West Bengal, along with associated transmission lines. In the Middle East, L&T has won turnkey orders from key utilities across three countries for five substations and over 250 km of transmission lines up to 500 kV level, including a 400 kV underground cable system. The company highlights that grid investments are becoming a high-priority area globally due to surging demand, shifting energy mix, and security-driven initiatives.

Likely market impact

These Major-classified orders strengthen L&T's order book in its core PT&D segment and reinforce its international footprint, particularly in the Middle East. Positive for sentiment, though the value range represents roughly 2-4% of L&T's ~₹2.5 lakh crore annual revenue, so the impact is incremental rather than transformational.