On Tuesday’s trading session, the shares of an Indian multinational enterprise engaged in EPC Projects surged by 1.5 percent to Rs. 3,685, after the company secured a significant order worth up to Rs. 2,500 crore from Hindustan Shipyard Limited. 

At 12:37 p.m., the shares of Larsen & Toubro Limited were trading 1.1 percent higher at Rs. 3,670.7, as against its previous closing price of Rs. 3,630.6, with a market capitalisation of Rs. 5.04 lakh crore. 

What’s the news: 

According to the 9th July regulatory filings with the stock exchanges, Larsen & Toubro’s Precision Engineering Systems business vertical won a significant order for the part construction of two Fleet Support Ships (FSS) from Hindustan Shipyard Limited for the Indian Navy. 

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About the contract: 

The Indian Navy signed a contract with Hindustan Shipyard Limited (HSL) in August 2023 to design and build five FSS for the Indian Navy. 

The FSS are specialised naval vessels that provide logistics and material support to naval task forces at sea. These ships will be over 220 meters long and have a displacement of around 45,000 tons, making them among the largest vessels in the Indian Naval Fleet. 

In line with the Indian government’s “Aatmanirbhar Bharat” vision, these first-of-their-kind vessels will be built entirely in domestic shipyards. 

The construction will be carried out concurrently by both the shipyard at Kattupalli, near Chennai, to meet the challenging delivery timelines. 

This collaborative approach to shipbuilding will serve as a cornerstone for rapidly enhancing the Indian Navy’s fleet capabilities, while also driving economic activity and technological advancement in India’s maritime domain. 

L&T’s greenfield shipyard at Kattupalli, which is India’s most modern shipyard designed in-house to global standards, will be responsible for constructing two FSS. 


In Q4 FY23-24, the company generated Rs. 67,078 crore in operating revenue, a 15 percent growth from Rs. 58,335 crore recorded in Q4 FY22-23. The net profit also rose by around 12.5 percent reaching Rs. 5,003.5 crore, up from Rs. 4,446.7 crore in the same period of the previous fiscal year. Stock Performance: 

The stock has delivered nearly positive returns of nearly 50.2 percent in one year, and around 3.2 percent returns in the last six months. So far in 2024, the shares of Larsen & Toubro Limited have given positive returns of about 4.2 percent. 

About the company: 

Larsen & Toubro Limited is an Indian multinational engaged in Engineering-Procurement-Construction (EPC) Projects, Hi-Tech Manufacturing and Services, operating in more than 50 countries globally. 

Larsen & Toubro (L&T) categorises its projects into different orders based on their value. 

The significant orders range from Rs. 1,000 crore to Rs. 2,500 crore, Large orders are valued between Rs. 2,500 crore and Rs. 5,000 crore, Major orders are those valued between Rs. 5,000 crore and Rs. 10,000 crore, Mega orders are valued between Rs. 10,000 crore and Rs. 15,000 crore. Finally, ultra-mega orders are valued above Rs. 15,000 crore. 

Written by Shivani Singh 


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