Larsen and Toubro Ltd

Larsen & Toubro Vyoma (L&T Vyoma), L&T's next-generation sovereign AI cloud and digital infrastructure business, has entered a strategic partnership with Fortanix Inc, a US-headquartered global leader in data and AI security and a pioneer in Confidential Computing. They will jointly deliver sovereign, secure software-as-a-service offerings for enterprises and government organisations in India. With AI adoption accelerating, the need for data sovereignty, regulatory compliance and runtime protection has become critical, particularly in regulated sectors such as banking, financial services, government and healthcare. Through this partnership, L&T Vyoma will provide sovereign AI infrastructure, including data centres, compute and networking, while Fortanix will secure the data and AI workloads in use by leveraging NVIDIA Confidential Computing. The collaboration will enable organisations to adopt AI and modern data services securely, while ensuring that sensitive data remains protected and compliant within India's borders.

The partnership aims to deliver sovereign AI infrastructure and data security solutions, addressing the growing demand for data sovereignty, regulatory compliance and protection of AI workloads across sectors such as banking, financial services, government and healthcare. Under the collaboration, L&T Vyoma will provide sovereign AI infrastructure, including data centres, compute and networking capabilities, while Fortanix will secure data and AI workloads through Confidential Computing technology powered by NVIDIA Confidential Computing. The companies will jointly develop sovereign AI and data security solutions, pursue co-selling opportunities across regulated industries and support customer adoption through proof-of-concept and proof-of-value engagements. Confidential Computing protects data during processing through hardware-based Trusted Execution Environments, ensuring sensitive information remains secure even while computations are being performed. The partnership will enable organisations to deploy AI models securely without exposing proprietary intellectual property, safeguard sensitive enterprise and citizen data, and support compliance with India's data sovereignty and regulatory requirements. L&T Vyoma will also work with Indian AI model builders to strengthen the ecosystem for sovereign AI innovation. Commenting on the partnership, Prashant Chiranjive Jain, Managing Director ' Larsen & Toubro Vyoma, said: 'India's digital economy requires a strong foundation of sovereign infrastructure and secure AI capabilities. The partnership with Fortanix enables us to help organisations harness AI with confidence by ensuring that data remain protected within national boundaries while meeting the highest standards of security and compliance'. Anand Kashyap, Co-founder & CEO ' Fortanix Inc, said: 'AI adoption isn't slowing down, but organisations are increasingly challenged to balance innovation with data sovereignty and security. Our partnership with L&T Vyoma brings together trusted infrastructure and Confidential Computing to enable enterprises in India use AI without exposing sensitive data or intellectual property'. Justin Boitano, Vice President -Enterprise AI Products - NVIDIA, said: 'Regulated industries racing to adopt AI need to maintain the highest standards for data sovereignty and security as they scale advanced AI models and agents. Bringing together NVIDIA Confidential Computing with L&T Vyoma's sovereign infrastructure and Fortanix's security platform creates a trusted foundation for securely deploying and managing mission-critical workloads in India'. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.49% to Rs 3,971.95 on the BSE. Powered by Capital Market - Live

Larsen & Toubro (L&T) has secured a 'Baa1' long term issuer rating with a 'Stable' outlook from Moody's Ratings, reinforcing the Group's robust credit profile and financial resilience. The 'Baa1' rating signifies a quality investment-grade credit profile, reflecting strong capacity to meet financial commitments and a low level of credit risk. It also underscores L&T's prudent financial management and consistent operational performance. The 'Stable' outlook reflects expectations that L&T and its core international subsidiaries will maintain strict fiscal discipline, comfortable leverage levels and healthy operating margins as high-margin engineering services and large-scale EPC projects in West Asia continue to scale. Notably, this premium rating stands two notches above India's sovereign rating of 'Baa3', positioning L&T among an exclusive group of Indian multinational corporates evaluated stronger than the country's sovereign rating. Moody's, the global ratings major, has also assigned a matching 'Baa1' rating to L&T Hydrocarbon Saudi Company (a subsidiary of L&T), reflecting the business vertical's tight operational integration with the parent Company and the strategic importance of Larsen & Toubro's West Asia operations.

Larsen & Toubro announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 4 August 2026.

Larsen & Toubro announced that CRISIL ESG Ratings & Analytics (CRISIL) has on 23 June 2026, has revised the Company's ESG score from 'CRISIL ESG 62' to 'CRISIL ESG 67' under the category 'Strong'.

LTNCPL has been established to set up artificial intelligence (AI) compute infrastructure and provide technology-enabled services. Vyoma.AI has subscribed to 100% of LTNCPL's equity share capital for a consideration of Rs 1 lakh. Accordingly, LTNCPL is wholly owned by Vyoma.AI. The company said LTNCPL has not commenced business operations and, therefore, has not reported any turnover. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25. The counter shed 0.21% to end at Rs 4200.60 on the BSE.Powered by Capital Market - Live

L&T GeoStructure, a wholly-owned subsidiary of Larsen & Toubro, has recently secured multiple orders in India. According to the company's project classification, the value of the these orders ranges between Rs 1,000 crore to Rs 2,500 crore. These include its largest-ever piling order, secured from JSW Utkal Steel ' a subsidiary of JSW Steel ' at the 10 MTPA Integrated Steel Plant at Paradeep, Odisha. The project spans nine major packages and involves critical structures such as the Blast Furnace, Hot Strip Mill and Steel Melting Shop, involving piling works of approximately 30 lakh running metres to be executed within a stringent timeline. This apart, the business has secured two separate orders from the Inland Waterways Authority of India (IWAI) for the engineering, procurement and construction of Ship Repair Facilities (SRF) at Patna and Varanasi. The state-of-the-art SRFs, planned in Bihar and Uttar Pradesh respectively, will feature advanced Ship Lift and Transfer Systems, including an 800-tonne boat hoist, to support the repair and maintenance of inland vessels. The projects will significantly strengthen the inland water transport ecosystem along National Waterway-1 (River Ganga). The business has also secured an order for the construction of India's first yacht marina at Mumbai Harbour. Awarded by the Mumbai Port Authority, the project will comprise an approach trestle, piled breakwater, service platforms, concrete pontoons and gangways to enable safe and efficient yacht operations. It is poised to position Mumbai as a global maritime tourism hub while advancing India's broader blue economy ambitions.

Larsen & Toubro announced that Sanjeev Aga (DIN: 00022065) will conclude his tenure as an Independent Director of the Company effective the closing hours of 24 May 2026, upon completion of second and final term.

Larsen & Toubro (L&T) has entered a strategic collaboration with France-based Exail to deliver an advanced Unmanned Mine Counter-Measure (MCM) Suite for the Indian Navy's Mine Counter Measure Vessels (MCMVs) programme. L&T and Exail will together provide the Indian Navy with a state-of-the-art Unmanned MCM Suit, incorporating autonomous and remotely operated systems designed to detect, classify, identify and neutralise naval mines in a safe, stand-off manner. L&T, as the prime contractor, will offer the Unmanned MCM Suite to all shipyards participating in Indian Navy's upcoming programme for 12 Mine Counter Measure Vessels. Exail will serve as the technology partner. The partnership will enable the delivery of Exail's globally proven MCM technologies, already in operation with several navies worldwide and validated through extensive real-world deployments. The collaboration represents a major step towards strengthening India's mine countermeasure capabilities, enhancing maritime security and reinforcing Indo-French defence cooperation, while building a robust and self-reliant naval defence manufacturing ecosystem in India. Commenting on the development, Arun Ramchandani, Senior VP & Head -Precision Engineering & Systems, L&T, said: 'This partnership brings together L&T, with its extensive defence products legacy and maritime capabilities, and Exail, a global leader in unmanned maritime systems and mine warfare technologies. Exail contributes decades of proven operational expertise, while L&T leverages its strengths in defence engineering, indigenous manufacturing, complex system integration and lifecycle support'.

The Power Transmission & Distribution (PT&D) business vertical of Larsen & Toubro has secured a batch of EPC orders from prestigious clients in the Middle East for setting up extra-high voltage substations. According to the company's project classification, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore. The orders pertain to constructing one 380 kV substation and two 132 kV substations. These high-capacity substations will ensure availability of reliable power to large load centres and decongest grids, thereby enabling them to meet the growing demands. The orders have been awarded to PT&D on turnkey basis and are to be delivered against stringent timelines.