Larsen and Toubro Ltd

L&T Realty Properties (LTRPL), a wholly owned subsidiary of L&T, operating in the urban-premium and luxury real estate segments across four cities, has recently acquired 100 per cent stake in International Green Scapes (IGSL), Delhi. The acquisition enables LTRPL to leverage 20 acres of land owned by IGSL in Gurugram, significantly strengthening its real estate development portfolio. Marking LTRPL's first land acquisition in the NCR micro-market, it offers a development potential of approximately 3.6 million square feet. Further, during FY 2025-26, LTRPL and L&T Realty Developers Ltd ' another wholly-owned subsidiary of L&T, have cumulatively completed land acquisitions across Mumbai, Delhi and Bengaluru, having an aggregate development potential of 3 million square feet. The acquisitions have strengthened the development potential over the medium-term. L&T has already embarked on a journey to consolidate all its Realty businesses under a single entity, subject to requisite regulatory approvals. Upon completion of the consolidation process, L&T Realty would emerge as a unified, future-ready entity capable of capitalising on India's real estate growth.

The new business vertical, christened L&T Electronic Products & Systems (LTEPS), will be headquartered in Bengaluru, while manufacturing operations will be based in Coimbatore. Initially, two production lines have been commissioned to offer electronics manufacturing services to Indian and global clients. Building on its expertise in strategic electronics, LTEPS will expand into industrial electronic products and systems across key segments, including power electronics, mobility, industrial robotics & automation, communication platforms, and electronics systems design & manufacturing (ESDM). The business will adopt a blended approach of in-house R&D, technology partnerships, and advanced testing infrastructure. It also plans phased expansion across a 40-acre zone in Coimbatore, covering the full electronics value chain, including R&D, product development, contract manufacturing, design and engineering support, sourcing, testing, and validation services. Commenting on this, L&T chairman & managing director S N Subrahmanyan said: 'The foray into industrial electronics is an important step towards our Lakshya 2031 aspiration of deepening technology leadership and enhancing India's self-reliance in critical manufacturing. With LTEPS, we are bolstering the nation's electronics manufacturing ecosystem while expanding our presence across high-growth, innovation-driven domains.' L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26. Shares of Larsen & Toubro fell 1.15% to Rs 4,007.50 on the BSE.

Larsen & Toubro has entered the B2B industrial electronics space with the commencement of industrial electronics manufacturing at its Coimbatore campus in Tamil Nadu. The new business vertical, christened L&T Electronic Products & Systems (LTEPS), will be headquartered in Bengaluru, while the manufacturing operations will be based in Coimbatore. To begin with, two manufacturing lines have been commissioned, offering electronics manufacturing services to both Indian and global clients. Commenting on this, L&T Chairman & Managing Director S N Subrahmanyan said: 'The foray into industrial electronics is an important step towards our Lakshya 2031 aspiration of deepening technology leadership and enhancing India's self-reliance in critical manufacturing. With LTEPS, we are bolstering the nation's electronics manufacturing ecosystem while expanding our presence across high‑growth, innovation‑driven domains'. Building on its expertise in Strategic Electronics, LTEPS will extend the capability to the development and manufacture of industrial electronic products and systems across several key domains ' including power electronics, mobility, industrial robotics & automation, communication platforms and electronics systems design & manufacturing (ESDM). It will adopt a blended approach of in-house R&D, technology partnerships and advanced testing infrastructure to deliver market-ready solutions. Looking ahead, LTEPS plans to progressively expand its footprint. Future expansions are envisioned across a 40-acre zone within the Coimbatore campus to cover the entire industrial electronics value chain ' spanning R&D, in-house product development, ESDM, contract manufacturing, design and engineering support, sourcing, testing and validation services.

The Buildings & Factories (B&F) business vertical of Larsen & Toubro has won multiple orders in India. According to the company's project classification, the value of the orders ranges between Rs 1,000 crore to Rs 2,500 crore. It has secured an order from Oberoi Realty for the construction of seven high-rise residential towers in Gurugram, NCR. The scope includes RCC shell and core construction, as well as earthworks and piling, all to be executed within stringent timelines. The business vertical has also secured an order for construction of Proving Ground from a reputed international company in Haryana. The facility will boost testing infrastructure for vehicles embedded with latest technology. Besides the Proving Ground, the scope includes finishing works and external development relevant to the facility.

As per L&T's internal classification, the contract falls under the significant category, valued between Rs 1,000 crore and Rs 2,500 crore. The company has secured a major order from Oberoi Realty for the construction of seven high-rise residential towers in Gurugram, NCR. The scope includes RCC shell and core construction, along with earthworks and piling, to be completed within stringent timelines. In addition, L&T has won an order from a reputed international client to construct a proving ground facility in Haryana. The project is aimed at strengthening testing infrastructure for technologically advanced vehicles. The scope also includes finishing works and external development associated with the facility. The company said Larsen & Toubro's Buildings & Factories (B&F) business vertical has strong domain knowledge, proven expertise, and extensive experience in delivering EPC solutions across a wide range of segments, including hospitals, public spaces, airports, data centres, residential and commercial buildings, and factories. These also span specialised facilities such as automobile plants, proving tracks, new energy installations like solar and battery storage plants, as well as paint, chemical, glass, and food processing units, along with other complex industrial structures. L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26. Shares of Larsen & Toubro rose 0.56% to Rs 4,044.85 on the BSE.

L&T Energy GreenTech (LTEGL), a wholly-owned subsidiary of Larsen & Toubro, has signed a long-term partnership with ITOCHU Corporation of Japan. Under the partnership, LTEGL will supply ITOCHU, on a captive long-term take-or-pay basis, 300000 tonnes of green ammonia per annum from its proposed production facility at Kandla, Gujarat. This latest agreement builds on the Joint Development Agreement (JDA) between the two companies signed in July 2025 and marks a significant progression in the partnership ' from joint development to securing long-term demand. It reinforces the collaboration between LTEGL and ITOCHU, and advances the shared vision of establishing a globally competitive green ammonia value chain. ITOCHU will utilise the green ammonia supplied from Kandla to support its expanding green bunkering applications, aligned with its strategy to develop a global green ammonia ecosystem across key maritime trade routes. Singapore, one of the world's leading marine fuel hubs, is emerging as a critical centre for ammonia bunkering. This represents an important step towards decarbonising the maritime sector and supports the growing adoption of low-carbon fuels in shipping. The agreement also reinforces LTEGL's strategy to scale its green hydrogen and derivatives platform, positioning Kandla as a strategic export hub for low-carbon fuels. In line with India's National Green Hydrogen Mission, the project supports the country's ambition to become a leading exporter of green energy derivatives. Through this partnership with LTEGL, supplies from Kandla are expected to support ITOCHU's bunkering operations in Singapore and other locations, enabling the early adoption of green ammonia as a next-generation marine fuel.

Under the agreement, LTEGL will supply 300,000 tonnes per annum of green ammonia on a captive, long-term take-or-pay basis from its proposed production facility at Kandla, Gujarat. The agreement was signed in Tokyo by senior executives from both companies, in the presence of top leadership from Larsen & Toubro and ITOCHU Corporation. The deal builds on a Joint Development Agreement signed in July 2025, marking a shift from collaboration to securing long-term offtake. ITOCHU Corporation will use green ammonia supplied from Kandla to expand its green bunkering operations as part of its global green ammonia ecosystem strategy across key maritime trade routes. Singapore, a major marine fuel hub, is emerging as a key centre for ammonia bunkering. The initiative marks a step toward decarbonising the maritime sector and supporting wider adoption of low-carbon fuels in shipping. The company said the agreement reinforces LTEGL's strategy to scale its green hydrogen and derivatives platform, positioning Kandla as a key export hub for low-carbon fuels. It also aligns with India's National Green Hydrogen Mission, supporting the country's goal of becoming a leading exporter of green energy derivatives. Subramanian Sarma, deputy managing director & president ' L&T, said, 'The agreement with ITOCHU is a significant step in translating L&T's clean energy ambitions into large-scale, bankable projects. By securing long-term demand through a reputed global partner like ITOCHU, we are strengthening the commercial foundation of our green ammonia platform while contributing meaningfully to global decarbonisation. Hiroyuki Tsubai, executive vice president, member of the board and president of the Machinery Company, ITOCHU Corporation, said, 'Establishing a reliable and scalable supply of green ammonia is critical to accelerating its adoption as marine fuel. Our partnership with LTEGL provides a strong and credible supply base, enabling us to expand our bunkering business and support the shipping industry's transition towards low-carbon operations. L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26. Shares of Larsen & Toubro slipped 1.25% to Rs 4,024.90 on the BSE.

Larsen & Toubro will hold a meeting of the Board of Directors of the Company on 5 May 2026.

Larsen & Toubro announced that its wholly owned subsidiary, L&T Realty Properties has completed the acquisition of 100% stake in International Green Scapes on 13 April 2026.

The acquisition involves 58,23,425 equity shares, giving L&T RPL complete ownership and control of IGSL, a real estate company with development rights in Gurugram, Haryana. The company said the transaction will enable it to leverage IGSL's land bank to expand and strengthen its real estate development portfolio. IGSL holds licenses for residential development projects, aligning with L&T Realty's growth strategy. IGSL, incorporated on 22 November 1993, has reported nil turnover over the last three financial years, including FY23, FY24 and FY25. The deal does not fall under related party transactions, and the promoter group has no interest in the acquired entity. No regulatory approvals are required for the acquisition. The transaction is expected to be completed by 15 April 2026. L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26. Shares of Larsen & Toubro added 1.61% to end at Rs 3,959.90 on 10 April 2026.