Larsen and Toubro Ltd

To address these concerns, the company held a media interaction on 21 March 2026 in Mumbai. It stated that project execution across the region remains on track, with operations continuing under challenging conditions. The company said over 95% of its project sites in West Asia are functioning normally. Only a small number of sites have been temporarily paused as a precaution, with no evacuation of personnel. Larsen & Toubro added that it remains focused on employee safety and is in constant coordination with regional teams and clients. It is also cautious about deploying additional workforce amid the evolving situation. However, the company flagged supply chain disruptions and rising insurance costs as near-term risks. It noted that shipments from China and Europe have been impacted, though alternative routes are being explored, with normalisation expected over the next two to three months. Since the escalation of the Middle East conflict on 28 February 2026, shares of Larsen & Toubro have corrected by around 18.06%, reflecting investor concerns over the company's significant regional exposure. The Middle East remains a crucial market, contributing nearly 37% to its Rs 7.33 lakh crore order book and 33% to order inflows in 9MFY26. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, net profit of L&T declined 4.28% to Rs 3215.11 crore while net sales rose 10.49% to Rs 71449.70 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

Despite the recent uptick, the stock remains under pressure over a broader timeframe, falling 6.06% in the past week, -16.63% over one month and -10.57% in three months. The correction was largely driven by concerns around project execution in the Middle East and the potential impact of lower capital expenditure in the region on future order inflows and revenue growth. A foreign brokerage has maintained its 'Buy' rating on the stock with a price target of Rs 4,420 per share, even as it flagged near-term execution challenges amid ongoing geopolitical tensions. The brokerage expects some order deferrals in the coming quarters but believes the company's medium-term opportunity pipeline remains intact. It has, however, trimmed its revenue estimates for the March quarter, citing slower execution toward the end of the period. The impact of weaker execution is also expected to carry into Q1 FY27. Further, the brokerage has revised its core order inflow growth estimate for FY27 to 1.1% from 7.7% earlier, factoring in subdued international ordering activity for at least a month. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, net profit of L&T declined 4.28% to Rs 3215.11 crore while net sales rose 10.49% to Rs 71449.70 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

The Nifty March 2026 futures closed at 23,390, a discount of 18.8 points compared with the Nifty's closing at 23,408.80 in the cash market. In the cash market, the Nifty 50 index rose 257.70 points or 1.11% to 23,408.80. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 4.60% to 21.60. HDFC Bank, Reliance Industries and Larsen & Toubro were the top-traded individual stock futures contracts in the F&O segment of the NSE. The February 2026 F&O contracts will expire on 30 March 2026.Powered by Capital Market - Live

The stock had fallen 9.71% over the past four trading days amid rising concerns about project execution risks linked to escalating geopolitical tensions in the Middle East. The sell-off followed the intensifying conflict involving Iran after coordinated U.S.-Israeli airstrikes on Iranian military and nuclear facilities. The strikes reportedly killed Supreme Leader Ali Khamenei and triggered retaliatory missile and drone attacks by Iran on Israel and several U.S. bases across Gulf countries. The conflict has disrupted shipping routes and energy flows in the region, pushed crude oil prices higher and increased uncertainty for businesses operating in the Middle East. The region remains a key market for Larsen & Toubro, accounting for about 37% of its Rs 7.33 lakh crore order book and 33% of total order inflows in the first nine months of FY26. Analysts have cautioned that prolonged tensions could disrupt project execution in the region, while a potential slowdown in the UAE real estate market may intensify competitive pressures. 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. Powered by Capital Market - Live

The decline comes amid the intensifying Iran conflict following coordinated U.S.'Israeli airstrikes on Iranian military and nuclear targets. The strikes reportedly killed Supreme Leader Ali Khamenei and triggered retaliatory missile and drone attacks by Iran. Iran launched strikes on Israel and several U.S. bases located across Gulf countries. The conflict has disrupted shipping routes and energy flows across the Middle East. The turmoil has also pushed crude oil prices higher and increased regional business uncertainty. The region is a key market for the company, accounting for 37% of its Rs 7.33 lakh crore order book and 33% of order inflows in 9MFY26. Analysts warned that L&T could face execution disruptions in its Middle East projects, while a potential slowdown in the UAE real estate market may intensify competition. 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. Powered by Capital Market - Live

The order has been classified as 'major,' indicating a value in the range of Rs 5,000 crore to Rs 10,000 crore. In India, the PT&D arm has bagged an order for the design, supply and construction of two 220 kV Gas Insulated Substations in the Durgapur'Raniganj'Asansol industrial belt of West Bengal. The scope includes associated transmission line segments featuring advanced conductors and multi-circuit towers. These grid modernisation projects are aimed at ensuring a stable voltage profile and enhancing the reliability of power networks supporting infrastructure and industrial growth in the region. In the Middle East, the business vertical has won turnkey orders from key utilities for the construction of five substations and over 250 km of transmission lines across three countries. The projects involve systems of up to 500 kV. One of the contracts also includes the supply and installation of a 400 kV underground cable system. The company said that amid rising power demand, evolving energy mix and security-driven initiatives, grid investments have emerged as high-priority areas globally. The latest wins underscore continued customer confidence in L&T's capabilities to deliver large-scale grid infrastructure projects in a safe, sustainable and timely manner. 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. Powered by Capital Market - Live

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has secured a batch of EPC orders to establish electricity grid system elements in India and abroad. According to the company's project classification, the value of the orders ranges between Rs 5,000 crore to Rs 10,000 crore. In India, PT&D has received order for design, supply and construction of two 220 kV Gas Insulated Substations in the Durgapur-Raniganj-Asansol industrial belt of West Bengal. The scope also includes associated transmission line segments with advanced conductors and multi-circuit towers. These grid modernisation jobs will provide a stable voltage profile and enhance reliability of power networks for infrastructure and industrial projects in the region. In the Middle East, PT&D has won orders from key utilities for the turnkey construction of five substations and over 250 KM transmission lines. Located in three different countries in the region, these projects are up to 500 kV level. In one of the projects, the scope also involves supplying and installing a 400 kV underground cable system. In view of surging demand, shifting nature of energy mix and security driven initiatives, grid investments have become high-stake, high-tech priority areas for economic forerunners. These orders reflect the unflinching customer trust on L&T for safe, flawless, sustainable and timely creation of grid backbone. Powered by Capital Market - Live

Two business verticals of Larsen & Toubro - the Heavy Civil Infrastructure (HCI) and Heavy Engineering (HE) - have jointly won a significant order from the Department of Atomic Energy of Government of India, for establishing the LIGO India Observatory. The Observatory will come up at Aundha in Maharashtra's Hingoli district. According to the company's project classification, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore. LIGO (Laser Interferometer Gravitational Wave Observatory) is used for detection of gravitational waves caused by cataclysmic cosmic events through multikilometer-scale wave detectors using laser interferometry. The initiative will be one of India's flagship 'Mega Science' projects, developed through a collaboration between premier Indian research institutions ' including RRCAT and IPR ' and the LIGO Laboratory of the United States, with support from Caltech and MIT. L&T's project scope encompasses comprehensive engineering, procurement and construction of vibration sensitive specialised high-precision civil infrastructure, along with the manufacture and installation of ultra-high vacuum compatible 8 KM beam tube and critical equipment for vacuum infrastructure. Integration of mechanical, electrical, HVAC, fire protection, vacuum control, monitoring system and all support utilities are also in L&T's scope. The project completion deadline is 48 months. This prestigious order reinforces L&T's strong track record and proven expertise in delivering complex projects in the field of science and technology.Powered by Capital Market - Live

The order has been classified as 'significant,' indicating a value in the range of Rs 1,000 crore to Rs 2,500 crore. The project involves engineering, procurement, and construction of vibration-sensitive, high-precision civil infrastructure, along with manufacturing and installation of an ultra-high vacuum-compatible 8-km beam tube and critical vacuum equipment. The scope also includes integration of mechanical, electrical, HVAC, fire protection, vacuum control, and monitoring systems, along with support utilities. The LIGO (Laser Interferometer Gravitational Wave Observatory) facility will be developed at Aundha in Hingoli district, Maharashtra, with a completion timeline of 48 months. 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.Powered by Capital Market - Live

At the India AI Summit, Larsen & Toubro (L&T) today announced a proposed venture under the India AI Mission to build sovereign, scalable GW-scale NVIDIA AI factory infrastructure to reinforce India's position as a global AI powerhouse. This partnership is aimed at India's enterprises, policymakers, industry leaders, global off takers, and analysts seeking production-grade AI capacity anchored in India's digital and industrial transformation. It integrates L&T's engineering, infrastructure development, and execution with NVIDIA AI infrastructure including NVIDIA GPUs, CPUs, Networking, NVIDIA-accelerated storage platforms from leading providers, the NVIDIA AI Enterprise software stack, and reference architectures to enable rapid, secure AI adoption. It will deploy AI-ready datacenter infrastructure, advanced computing platforms, and ecosystem enablement required to support large-scale AI workloads across priority sectors. In alignment with the IndiaAI Mission, this venture will support the creation of sovereign AI infrastructure that allows critical data, models, and AI workloads to be built, trained, and deployed within India, while remaining interoperable with global ecosystems. This sovereign by-design fabric is intended to serve domestic requirements, global hyperscalers, cloud providers, and enterprises looking to deploy large-scale AI capacity from India as a strategic hub. The venture plans to develop gigawatt-scale AI data center factory, providing AI-ready capacity for high-density, next-generation workloads so customers can expand in India efficiently and sustainably. The venture will scale NVIDIA GPU cluster deployment at its Chennai DC up to 30 MW capacity in its 300 acres Gigawatt scalable campus & at the new 40 MW Datacenter in Mumbai currently under execution. Powered by Capital Market - Live