Synopsis: Larsen & Toubro has secured a significant order worth up to Rs. 2,500 crore from the Government of India to construct the LIGO India Observatory in Maharashtra, marking a major milestone in the country’s flagship Mega Science initiative.
The shares of this company are primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology etc are in the spotlight after securing a significant order from the Government of India to construct the LIGO India Observatory.
With a market capitalisation of Rs. 6,01,940 cr, the shares of Larsen & Turbo Ltd were trading at Rs. 4,375.80 per share, decreasing 0.9% from its previous close of Rs. 4,417.15 per share.
About the order
Larsen & Toubro Limited (L&T) has announced that it has secured a significant order for the construction of the LIGO India Observatory. The contract has been awarded by the Department of Atomic Energy, Government of India. The observatory will be established at Aundha in the Hingoli district of Maharashtra and marks a major milestone in India’s scientific infrastructure development.
The project will be executed jointly by L&T’s Heavy Civil Infrastructure (HCI) and Heavy Engineering (HE) verticals. The scope of work includes comprehensive engineering, procurement and construction of highly specialised, vibration-sensitive, high-precision civil infrastructure.
In addition, L&T will manufacture and install an ultra-high vacuum-compatible 8-kilometre beam tube along with critical vacuum infrastructure equipment. The company will also handle integration of mechanical, electrical, HVAC, fire protection, vacuum control, monitoring systems, and other support utilities. The project is scheduled for completion within 48 months.
About LIGO
The LIGO (Laser Interferometer Gravitational Wave Observatory) facility is designed to detect gravitational waves generated by massive cosmic events using multi-kilometre-scale laser interferometry.
LIGO India is one of the country’s flagship “Mega Science” initiatives and is being developed through collaboration between premier Indian research institutions, including Raja Ramanna Centre for Advanced Technology (RRCAT) and the Institute for Plasma Research (IPR), along with the LIGO Laboratory in the United States, supported by Caltech and MIT.
Order Inflows and Order Book
For Q3FY26, order inflow stood at Rs. 1,35,600 crore compared to Rs. 1,16,000 crore in Q3FY25, registering a 17% year-on-year growth. Domestic orders contributed Rs. 68,800 crore, up from Rs. 53,900 crore, while international orders were Rs. 66,800 crore from Rs. 62,100 crore last year. The quarterly performance marks the highest ever quarterly order inflow, driven primarily by strong domestic ordering momentum.
For the nine months ended FY26 (9MFY26), total order inflow reached Rs. 3,45,800 crore compared to Rs. 2,67,000 crore in 9M FY25, reflecting a robust 30% year-on-year growth. Domestic inflows increased to Rs. 1,54,700 crore from Rs. 1,22,300 crore, while international inflows rose significantly to Rs. 1,91,100 crore from Rs. 1,44,700 crore, indicating broad-based growth across geographies.
The Order Book as of Q3FY26 stood at Rs. 7,33,200 crore, compared to Rs. 5,64,200 crore as of Q3FY25, showing a strong 30% year-on-year increase. Of the total order book, Rs. 3,76,300 crore is domestic and Rs. 3,56,900 crore is international, with international orders constituting 49% of the total order book, reflecting a well-diversified portfolio.
Additionally, the company highlighted a strong near-term prospect pipeline of approximately Rs. 5,90,000 crore, indicating sustained visibility for future growth across its EPC Projects, Hi-Tech Manufacturing, and Services businesses.
Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. It has a strong customer–focussed approach and the constant quest for top-class quality has enabled L&T to attain and sustain leadership in its major lines of business for eight decades.
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