Synopsis:
L&T wins (Ultra-Mega*) Order for Hydrocarbon Onshore Business for setting up a Natural Gas Liquids plant and allied facilities in the Middle East.
The shares of this large-cap infrastructure company came into lime limelight due to an ultra mega order worth more than Rs 15,000 crore, gaining investor attention, check it out.
With a market cap of Rs 5,21,446 Cr. Larsen & Toubro Ltd stands as India’s largest and oldest infra company, which made a high of Rs. 3,796.40 on Thursday as compared to the previous day closing at Rs 3,729.80 showing a 1.78% increase in stock price .
What is the Order about?
L&T Hydrocarbon Onshore business vertical, in consortium with the Greece-headquartered Consolidated Contractors Group S.A.L. (Offshore) (CCC) has received an international ultra mega work order.
It encompasses engineering, procurement, construction, installation and commissioning of a Natural Gas Liquids plant and allied facilities for processing Rich Associated Gas (RAG). This also involves all associated utilities and off-site and integration with existing facilities.
In short, the order is for setting up a Natural Gas Liquids plant and allied facilities in the Middle East, which would come under the ultra-mega classification,m aking the order value of more than Rs 15,000 crore. Under the consortium arrangement, L&T, as the lead partner, will be responsible for engineering and procurement; CCC will handle the construction activities.
Financials
L&T has given a YoY sales growth of about 15.53% as of Q1FY26 which was Rs 63,679 crore as compared to Q1FY25 sales of Rs 55,120 Crores. The company’s profitability also grew by 30% YoY from Rs.3,445 crores to Rs 4,318 crores.
About the Company
Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. A strong, customer–focussed approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.
As of Q1FY25 L&T has an orderbook of Rs. 6,128 Billion, up from Rs. 4,909 Billion last year, which involves an order inflow of Rs. 945 Billion in Q1FY26. International Orders constitute 46 percent of the total, and the rest comes from the domestic market.
Written by Leon Mendonca
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