During Friday’s trading session, shares of India’s premier infrastructure and technology conglomerate are in focus on the stock exchanges, after the company announced securing an order worth up to Rs. 5,000 crores from Hindustan Zinc Limited, a Vedanta Group company.
At 02:04 p.m. the shares of Larsen & Toubro Limited were trading in the red at Rs. 3,601.9 on BSE, down by around 1 percent, as against its previous closing price of Rs. 3,635.65, with a market cap of Rs. 4.95 lakh crores.The stock has delivered negative returns of over 4 percent in the last one year, and has fallen by around 2 percent in the last one month.
What’s the News:
According to the latest regulatory filings, the Minerals & Metals (M&M) business vertical of Larsen & Toubro Limited has secured a large order valued between Rs. 2,500-5,000 crores from Hindustan Zinc Limited (HZL), a Vedanta Group company. The project has been awarded to M&M on an EPC basis.
As part of its expansion plans, HZL is setting up a 250 KTPA Leaching, Purification & Cellhouse facility, along with a 125 KTPA Jarosite Circuit, at its Debari Smelter Complex in Rajasthan. This facility will produce Special High Grade (SHG) Zinc Cathodes (99.995 percent Zn).
The scope of work includes design and engineering, procurement, complete site services, ranging from installation to commissioning of calcine storage, leaching, purification, and electrowinning (Jumbo Cell House) plant. It also covers associated auxiliaries such as utilities, ETP RO-ZLD, plant electrics, instrumentation, and automation systems.
L&T’s M&M vertical offers end-to-end EPC solutions across sectors such as mining, minerals processing, industrial products and material handling. Its Product Business Unit, with manufacturing facilities in Kansbahal (Odisha) and Kancheepuram (Tamil Nadu), delivers cost-effective product solutions for industries such as mining, cement, steel, fertilisers and ports.
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Financials & more
L&T reported a growth in its revenue from operations, showing a year-on-year increase of around 15 percent from Rs. 55,120 crores in Q1 FY25 to Rs. 63,679 crores in Q1 FY26. Likewise, its net profit increased during the same period from Rs. 3,445 crores to Rs. 4,318 crores, representing a significant rise of about 25 percent YoY.
Larsen & Toubro Limited is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, operating in more than 50 countries worldwide. The company is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.
As of Q1 FY26, the company’s order book expanded by 25 percent YoY to Rs. 6,12,800 crores, with a 33 percent YoY increase in order inflow to Rs. 94,500 crores. This robust order inflows in Q1 FY26 are driven by the company’s Infrastructure and CarbonLite Solutions businesses. The company also maintains a healthy prospect pipeline worth ~Rs. 15 lakh crore for the remaining nine months of FY26.
Written by Shivani Singh
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