Larsen & Toubro Shares Rise Following Major West Asia Order Wins

Shares of engineering conglomerate Larsen & Toubro (L&T) closed at ₹4,119 on the National Stock Exchange (NSE) on Tuesday, registering a gain of ₹29 or 0.71 percent over the previous close of ₹4,090.

During the trading session, the stock touched an intraday high of ₹4,125.30 and a low of ₹4,066.60, with the volume-weighted average price settling at ₹4,094.45 on the EQ series. The positive market movement followed the company's announcements of large international contracts over consecutive days through filings with the BSE and NSE.

On Monday, L&T’s Energy Hydrocarbon Onshore (LTEH Onshore) division announced that it signed a contract for an ultra-mega gas compression facilities project in West Asia. This classification places the contract value above ₹15,000 crore. The project involves the engineering, procurement, and construction (EPC) of gas compression plants handling sour gas, alongside two 230 kV extra-high-voltage substations to be handled by L&T’s Power Transmission & Distribution business.

Following this, on Tuesday, L&T’s Renewables business announced a second major-category order valued between ₹5,000 crore and ₹10,000 crore. This order entails the development of three Battery Energy Storage System (BESS) projects for a client in West Asia. The three projects cumulatively add up to 6 gigawatt-hours of storage capacity and incorporate grid interconnections, pooling substations, and underground cables, with each project featuring a 4-hour BESS utilizing liquid cooling technology.

Together, these two contract wins add substantially to L&T’s order book in West Asia across both hydrocarbon and renewables sectors, reinforcing the $32 billion Indian multinational's positioning as a large-scale EPC contractor in the international market.

"The recent contract wins by Larsen & Toubro in West Asia highlight the strength of Indian engineering firms in securing large-scale international projects. Winning high-value orders across both conventional hydrocarbon sectors and emerging renewables segments demonstrates strong operational diversification. For large conglomerates, maintaining a robust international order book is crucial for sustainable growth and long-term revenue visibility, especially in competitive global markets." — Dr. Shishir Gupta, Founder & CEO, StartupLanes