Larsen & Toubro’s Power Transmission & Distribution business has secured new Middle East orders for extra-high voltage substation turnkey projects. The company says the installations will strengthen and stabilize power supply for key regions while reducing pressure on existing power grids. With strict delivery schedules, the deals also underscore how quickly new infrastructure is being planned to keep electricity demand met.
Larsen and Toubro has recalibrated its Lakshya Plan 2031, allocating ₹43,000 crore for the next five years. The company says the move reflects a broader order book while acknowledging growing uncertainties, particularly tied to Middle Eastern markets. The target change signals a strategic pivot rather than a slowdown in capex ambition, as L&T adjusts for shifting demand conditions.
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Larsen & Toubro is navigating near-term pressure while positioning for long-term growth through technology-led ventures. The firm expects improvement in the second half of the year and outlined a five-year plan with heavy investment in semiconductors and data centres. For execution and expansion, it is also leaning on international opportunities, notably the Middle East, to strengthen its order book.
Larsen & Toubro’s Minerals & Metals division has won its biggest domestic metals order from JSW Steel, valued between Rs 10,000 crore and Rs 15,000 crore. The deal covers engineering, procurement and installation of key process facilities to help JSW expand capacity to over 50 MTPA by 2031, largely across Karnataka and Odisha sites.
Larsen & Toubro’s Q4 net profit dipped about 3% to ₹5,326 crore even as the company logged record order inflows and strong revenue for FY26. L&T says its growth push and portfolio restructuring are underway, but geopolitical tensions in West Asia could weigh on business ahead.
Larsen & Toubro has declared a Rs 38 per share dividend for FY26 and set May 22 as the record date. The company also reported mixed Q4 performance, with a slight profit decline alongside solid revenue growth. Strong order inflows and continued international expansion helped support its annual outlook, with a focus on future technology-led growth.
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Larsen & Toubro has bagged a major order to build a coal-to-ammonium nitrate facility in Odisha with a capacity of 2,000 tonnes per day. The project aims to strengthen India’s coal gasification push while reducing reliance on imported ammonium nitrate. The development also supports the broader Aatmanirbhar Bharat goal of boosting domestic capabilities in critical chemical production.
Larsen & Toubro has finalized the sale of its entire stake in L&T Metro Rail (Hyderabad) Limited for Rs 1,461.47 crore. The deal was formalized through a Share Purchase Agreement with Hyderabad Metro Rail Limited, a Telangana government enterprise. As a result, the metro company will cease to be a subsidiary of L&T.
Larsen and Toubro’s Buildings & Factories arm has secured significant new orders in India, including seven high-rise residential towers for Oberoi Realty in Gurugram. The company will also construct a state-of-the-art proving ground in Haryana for a leading international firm, upgrading vehicle testing infrastructure and expanding its presence beyond construction.
Larsen & Toubro’s clean energy arm, LTEGL, has signed a long-term agreement with Japan’s ITOCHU to supply 300,000 tonnes of green ammonia every year from its Kandla facility. The pact follows an earlier arrangement and is designed to turn Kandla into a low-carbon fuel export hub, with ITOCHU planning to use the ammonia for marine fuels, especially for Singapore.
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Larsen & Toubro’s push toward its 2021 Lakshya 3.0 target is being squeezed by a double setback: crude prices crashing to multi-year lows, cutting revenue linked to the Middle East, and the pandemic stalling the broader economy. The result is a tougher path for the engineering giant and fresh uncertainty over whether it can stay on track.
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