Synopsis: L&T has secured a significant Rs. 1,000–2,500 crore order for Hyderabad’s 22.3-km Greenfield Radial Road Phase 2, boosting its Q2FY26 Rs. 6,67,000 crore order book and reinforcing infrastructure leadership.
This is a multinational conglomerate providing EPC solutions across infrastructure, hydrocarbons, power, defence, IT, and financial services in India and globally is now in the spotlight after it secured an order for Hyderabad greenfield Radial road.
With a market capitalisation of Rs. 5,55,460 cr, the shares of Larsen & Toubro Ltd are currently trading at Rs. 4,038 per share, down from its previous close of Rs. 4,045.10 per share.
Larsen & Toubro (L&T) has secured a significant order for its Transportation Infrastructure business related to the development of the Hyderabad Greenfield Radial Road (Phase 2).
The project involves the construction of a 22.3-kilometre, 3+3 lane access-controlled radial road in the Ranga Reddy district of Telangana. This order marks an important addition to L&T’s infrastructure order book and reinforces its strong position in large-scale road and urban connectivity projects.
As part of the contract, L&T will undertake a wide range of civil and structural works. Its scope includes the construction of a 3.6 km-long viaduct, along with minor bridges, underpasses, and culverts.
In addition, the company will execute service roads on both sides, build extensive retention structures, and develop a comprehensive stormwater drainage system. The project also covers the development of footpaths, cycle tracks, and landscaping, ensuring integrated urban mobility and infrastructure planning.
This project represents the first of several planned radial roads that will connect Hyderabad’s existing Outer Ring Road with the upcoming Regional Ring Road. Once completed, it is expected to significantly improve regional connectivity and ease movement across key growth corridors. The new road will provide enhanced access to major hubs such as IT clusters, Electronic City, Young India Skills University, and the Bharat Future City, thereby supporting urban expansion, economic activity, and long-term regional development.
The order falls under L&T’s “significant” project classification, which typically covers contracts valued between Rs. 1,000 crore and Rs. 2,500 crore, underlining the scale and strategic importance of the project. The win further strengthens L&T’s Transportation Infrastructure portfolio and highlights its execution capabilities in complex, large-scale infrastructure developments. As of Q2FY26, the order book stands at Rs. 6,67,000 cr.
Larsen & Toubro is an Indian multinational that operates across EPC projects, hi-tech manufacturing, and services, with a strong presence in domestic and international markets. With decades of experience and a customer-centric approach, the company has built a reputation for quality, engineering excellence, and timely execution.
The company reports healthy profitability with an ROCE of 14.5% and an ROE of 16.6%, along with a consistent dividend payout of 33%, reflecting strong capital efficiency and shareholder-friendly returns.
The company reported steady growth in Q2FY26, with sales rising 10% YoY to Rs. 67,984 crore compared with Rs. 61,555 crore in Q2 FY25. EBITDA increased 8% YoY to Rs. 8,513 crore, up from Rs. 7,917 crore, while net profit grew 16% YoY to Rs. 4,678 crore from Rs. 4,099 crore. EPS improved 16% to Rs. 28.54, reflecting healthy operational and earnings performance.
