Larsen and Toubro Ltd

The Buildings & Factories (B&F) business vertical of Larsen & Toubro has secured multiple orders across several states in India. According to the company's project classification, the value of these orders ranges between Rs 2,500 crore to Rs 5,000 crore. In Gujarat, it has secured an order for the construction of a Float Glass Plant. The scope includes design and construction of all civil, steel, mechanical, electrical & plumbing and associated external development. In Andhra Pradesh, the business has secured an order from a leading two-wheeler company for the construction of their state-of-the-art manufacturing facility. The scope includes civil, steel and architectural works. Further, the business has secured multiple add-on orders in existing projects, reflecting its strong execution capabilities and the customer confidence it commands. The B&F business vertical possesses strong domain knowledge, proven expertise and extensive experience in delivering EPC solutions across segments such as, hospitals, public spaces, airports, data centre, residential buildings, commercial spaces and factories, including automobiles, proving tracks, new energy facilities like solar panel and battery storage plants, paint and chemical plants, glass plants, food processing units and other complex industrial structuresPowered by Capital Market - Live

In Gujarat, the company has bagged an order for the construction of a float glass plant, involving design and execution of civil, structural steel, mechanical, electrical and plumbing works, along with associated external development. In Andhra Pradesh, L&T has secured an order from a leading two-wheeler manufacturer to build a state-of-the-art manufacturing facility. The scope includes civil, structural steel and architectural works. Additionally, the company has received multiple add-on orders for ongoing projects, reflecting strong execution capabilities and continued client confidence. L&T's B&F vertical delivers EPC solutions across segments including hospitals, airports, data centres, residential and commercial buildings, and industrial facilities such as automobile plants, new energy units, chemical and glass plants, and food processing units. 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 1.86% to Rs 3,581 on the BSE. Powered by Capital Market - Live

The key equity benchmarks witnessed strong buying interest in morning trade, supported by positive global cues following indications of possible de-escalation in Middle East tensions and a drop in crude oil prices below the $100 per barrel mark. Weakness in the US dollar and bond yields further supported risk appetite . However, caution prevailed due to ongoing uncertainty surrounding the reopening of the Strait of Hormuz. The Nifty scaled above the 23,300 level. Realty shares witnessed buying deamand for second consecutive trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex surged 1,239.52 points or 1.67% to 75,307.97. The Nifty 50 index soared 387.90 points or 1.71% to 23,303.75. The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 2.48% and the BSE 250 SmallCap Index added 2.63%. The market breadth was strong. On the BSE, 3,249 shares rose and 619 shares fell. A total of 192 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term shed 0.49% to 24.62. In the commodities market, Brent crude for May 2026 settlement tumbled $5.16 or 4.94% to $99.33 a barrel. US-Iran Warfare As the Middle East conflict continues without clarity, uncertainty remains a key concern for investors. According to media reports, Trump administration has proposed a 15-point ceasefire plan to Iran, even as the US military prepares to deploy at least 1,000 additional troops to a region where around 50,000 are already stationed. Earlier, Trump said the US was engaged in talks with Iran to end the conflict, even as fighting intensified, with airstrikes hitting Iranian targets and Tehran launching missiles and drones toward Israel and other locations. Iran, however, has denied that any negotiations are underway Buzzing Index: The Nifty Realty index surged 3.66% to 698.65. The index jumped 5.31% in the two consecutive trading sessions. Phoenix Mills (up 4.62%), Oberoi Realty (up 4.04%), Anant Raj (up 4.02%), SignatureGlobal India (up 3.96%), Brigade Enterprises (up 3.78%), DLF (up 3.66%), Lodha Developers (up 3.37%), Sobha (up 3.29%), Godrej Properties (up 3.12%) and Prestige Estates Projects (up 3%) surged. Stocks in Spotlight: Larsen & Toubro rose 2.98% after the company's Water & Effluent Treatment business vertical has secured a significant order from the Guwahati Metropolitan Drinking Water & Sewerage Board for a major water management project in Guwahati. Cosmic CRF rallied 3.60% after the company announced that it has secured multiple orders worth Rs 32.54 crore from various divisions of Indian Railways.Powered by Capital Market - Live

The Water & Effluent Treatment (WET) business vertical of Larsen & Toubro has won a significant design-build-operate order from Guwahati Metropolitan Drinking Water & Sewerage Board in Assam, for a water management project. According to the company's project classification, the order is valued between Rs 1,000 crore to Rs 2,500 crore. This 24'7 water management project has been conceived to deliver safe and continuous water supply to the households in South-East Guwahati. It will improve the reliability of the city's water system. The scope includes design, supply, installation, construction, testing and commissioning of barge-mounted intake system, raw water rising main, water treatment plant, reservoirs, booster pumping station, distribution network with household service connections. A fully integrated SCADA system for real-time monitoring and performance management, along with operation & maintenance for five years, are also in L&T's scope.Powered by Capital Market - Live

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 project aims to provide 24x7 safe and continuous water supply to households in South-East Guwahati, enhancing the reliability and efficiency of the city's water infrastructure. The scope of work includes design, supply, installation, construction, testing and commissioning of key systems such as a barge-mounted intake system, raw water rising main, water treatment plant, reservoirs, booster pumping stations, and a distribution network with household service connections. Additionally, the project will feature a fully integrated SCADA system for real-time monitoring and performance management. L&T will also undertake operation and maintenance of the facility for a period of five years. The company said the order strengthens its presence in India's northeast region and underscores the WET division's focus on delivering sustainable and efficient water infrastructure solutions. 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

SiliConch Systems (SSPL), a wholly-owned subsidiary of L&T Semiconductor Technologies (LTSCT) and a step-down subsidiary of Larsen & Toubro, has been amalgamated with and into L&T Semiconductor Technologies, a wholly-owned subsidiary of Larsen & Toubro, pursuant to a Scheme of Amalgamation approved by the Regional Director, Western Region, Ministry of Corporate Affairs, vide order dated 13 March 2026. The Appointed Date for the Scheme is 10 August 2025. The certified copy of the aforesaid order approving the amalgamation of SiliConch Systems with and into L&T Semiconductor Technologies, has been filed with the Registrar of Companies today, i.e. 24 March 2026, which is the effective date of the amalgamation in terms of the Scheme. Accordingly, SiliConch Systems has ceased to be a step down subsidiary of the Company with effect from 24 March 2026. Powered by Capital Market - Live

Larsen & Toubro has allotted 20,661 equity shares under ESOS on 24 March 202g. Powered by Capital Market - Live

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